Property tax bills to be issued soon
Published: August 9, 2014
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The Division of Real Property Tax issued a statement Friday that it plans to begin issuing the 2013 property tax bills to Virgin Islands property owners in coming weeks.
The division also is offering a discount to property owners who pay their bills within 30 days of their being issued.
The bills are issued to all property owners of record as of January 1, 2013. The 2013 property tax assessments are based on new property values reflecting recent assessments that were conducted by the Tax Assessor's Office.
"Some property owners will see an increase in their property tax bills, while some will see a decrease," Tax Assessor Ira Mills said in a prepared statement.
The factors that affect each taxpayer's property tax bill include market value, the tax rate and statutory exemptions, according to Mills.
Exemptions, or credits, are available in the following categories: general homestead; veterans; seniors; disabled; Class 1 inheritance; visitable home; and tax credit circuit breaker. Although taxpayers can no longer apply for credits against the 2013 or 2014 bills, they can do so in advance of the 2015 bills.
The tax rates for the 2013 property bills, as outlined in Act 6991, are:
- 0.004946 - Unimproved non-commercial real property.
- 0.003770 - Residential real property.
- 0.007110 - Commercial real property.
- 0.014070 - Timeshare real property.
The 2013 bill also will include information about unpaid tax years, and property owners who have not paid their 2012 or prior tax year bills can contact the Tax Collector's Office to make arrangements for payment.
Payments can be made at:
- St. John: Islandia Building.
- St. Thomas: Builders Emporium.
- St. Croix: 1105 King Street (Government House, Christiansted); 1131 King Street, Suite 101 (Christiansted); 4008 Estate Diamond (Dept. of Finance, Sunny Isles); and Lagoon Street Commercial Building No. 1 (Frederiksted).
The Tax Collector's Office accepts checks, cash, money orders, Visa, MasterCard, ATM and debit cards.
Questions about delinquencies can be addressed to the Tax Collector's office at 776-8505 on St. Thomas; 776-6737 on St. John; 773-1105 in Christiansted; or 772-0120 in Frederiksted.