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2 Additional things that could happen when you don’t pay your property taxes (PT33)

Why lose your investment for non-payment of property taxes?

So, in www.powerliving.com/pt32, we gave you 3 things that could happen when you don’t pay your property taxes. Today, I’ll give you an additional 2

When you don’t pay you, property taxes the government could

  1. Place a caveat (lien) on the property. This will prevent you from selling or using it for any business transactions.
  2. There is also forfeiture of the property—where the government seizes the property and sells it to recover the tax you owe.

Now property is big investment and your property taxes are a fraction of this investment. Be wise.

 

Need more information? Get all the details in our free ebook, How to Buy an Apartment or Condo in Jamaica.

Need help finding your new home or office? Give us a call at +18765139222 or email me at cherine@mypowerliving.com

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What happens when you don’t pay your property taxes? (PT32)

It’s always good to do the right thing, because when you’re on the wrong side of the law there are penalties.

Here are three things that can happen when you don’t pay your property taxes:

They could issue a summons to take to you to court.

They could issue Levy Warrant and seize goods or chattels and auction them and take the money from that to cover your otustanding debt.

The could also issue a Levy warrant to seize money, bonds and securities in order to cover outstanding debts.

Need more information? Get all the details in our free ebook, How to Buy an Apartment or Condo in Jamaica.

Need help finding your new home or office? Give us a call at +18765139222 or email me at cherine@mypowerliving.com

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How to get property tax relief (PT31)

Give to Caesar what is dues to Caesar but you that there are sometimes when Caesar will give back to you. Do you know that the minister could grant property tax relief to people who are having a hard time paying property taxes?

Discretionary Relief: Yes, in instances where people are having a hard time paying property taxes, A special discretionary relief may be given based on decision by KSAC Special Discretionary Relief Committee

Statutory Relief: This may be granted when the potential use of the property is higher than its current use

Reduction in rate:Now if you own agricultural land you could receive a special reduction in rate

Need more information? Get all the details in our free ebook, How to Buy an Apartment or Condo in Jamaica.

Need help finding your new home or office? Give us a call at +18765139222 or email me at cherine@mypowerliving.com

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What does property tax cover in Jamaica? (PT30)

You may be wondering what exactly does property taxes cover in Jamaica?

Now for anyone looking to purchase residential or commercial properties in Jamaica, you will have to pay property taxes. Now you may be wondering, what exactly doe this thing cover?

Property tax helps your local government to maintain services in your community such as the street lights, building and maintaining roads, maintaining parks, building schools, collection and disposal of waste, among other things. This also helps to take care of the administrative services and support to the KSAC.

Need more information? Get all the details in our free ebook, How to Buy an Apartment or Condo in Jamaica.

Need help finding your new home or office? Give us a call at +18765139222 or email me at cherine@mypowerliving.com

BEFORE YOU GO

Learn How To Buy An Apartment or Condo in Jamaica

This FREE (and highly resourceful) eBook will give you several tips and strategies to help you buy an apartment or condo.

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