Property Tax
Property Tax is a tax that is levied on all property owners in St. Vincent and the Grenadines and is a mean of raising revenue for the country. Revenue from Property Tax and other taxes that we pay is used to provide roads, and services such as sanitation, street lighting and other public facilities that the country needs and which are of importance to property owners.
Land Tax
The Land Tax Ordinance Cap 316 (revised laws of SVG) requires that undeveloped land outside urban areas, be taxed on the basis of size.That is, a rate per acre, subject to a minimum tax of $10.00 per year.There are four scales of taxes and the rates are as follows:
1.St. Vincent
|
First 10 acres or part thereof |
@ $1.50 per acre |
|
Next 90 acres or part thereof |
@ $3.00 per acre |
|
Next 400 acres or part thereof |
@ $6.00 per acre |
|
Over 500 acres or part thereof |
@ $9.00 per acre |
2.Bequia, Union Island and Mustique
|
First 10 acres or part thereof |
@ $0.75 per acre |
|
Over 10 acres or part thereof |
@ $1.20 per acre |
3.Canouan
|
First 10 acres or part thereof |
@ $0.60 per acre |
|
Over 10 acres or part thereof |
@ $1.20 per acre |
4. Balliceaux, Petit Nevis, Savanne, Isle-a-Quatre Myreau
| First 10 acres or part thereof | @ $0.30 per acre |
| Over 10 acres or part thereof | @ $0.60 per acre |
