The Tribune

EDITOR, The Tribune.

Sometimes it is best not to comment when you have been fan-faring how good the property market is and who record high leveled sales.

So the experts at BREA accept property values have increased considerably - sales of properties have skyrocketed, their members comment, values also, but for Property Tax values must not increase?

Zero logic.

We all know property tax valuations are very, very conservative in fact 40+% under real value.

Go to Barbados... Google and check property valued at $225k Tax 0.10%... over $lm tax 0.75% Tax on Rentals from $1500.00 per month you taxed 10+%.... check Bermuda Over $22k 3.50% over $90k 17%... check Antigua basic property tax 0.2-0.30%, Rentals taxed here also 15% Foreign owned rentals taxed at 20%.

Don’t think VAT on AirBnB rentals on foreign owned properties are applicable.

Suggest a little more rationale and thought from BREA members...you seemingly have never had it so good - valuations skyrocketing - your commissions exploding. With valuations skyrocketing appraisal fees also skyrocketing.... for BREA members never had it so good… great, but how many of your clients are paid up on their Property Taxes?

J BURROWS

Nassau,

January 26, 2022.