Property taxes, real estate Caribbean

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Property taxes and how they are calculated

What is a Property Tax? Property Tax in Jamaica is assessed on the unimproved value of the land. The unimproved value of land is defined as the price at which a seller could put up his land for sale without taking into consideration any improvements, physical additions or alterations to the land, such as buildings. In simple terms, the property tax is a charge levied on all commercial as well as...

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