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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

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Who is exempted from paying property taxes? (PT 29)

In some special cases property tax exemptions are granted in Jamaica.

If you own a building that is exclusively used for church worship, a church yard, burial ground or a rectory, yes, you could qualify for property tax exemption. Other educational institutions, we’re talking about Hospitals, Charitable organization and cultural organizations that have been approved by the minister and used solely for that purpose.

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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Who pays property taxes? (PT28)

All persons who are in possession of land pay property tax in Jamaica. This could include the owner of the property, a tenant, mortgagee or the occupier. Basically anyone in possession of the property pays property taxes.

If you hold residential or commercial properties, this will be one of your responsibilites. This is generally due on April 1 of each year. This means if you are paying in full, it can be done on April 1st. However, Tax Administration of Jamaica have different payment options. So you can pay semi annually or quarterly

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 increase the resale value of your home (PT27)

Are you looking to increase the resale value of your home?

When selling your home, the aim is always to get top dollar right? I mean no one wants less when they can get more. When getting ready to list your property, there are 2 really important rooms that you should focus on. You may have guessed them; your bathroom and your kitchen.

If you have limited budget just focus on these two rooms because I can guarantee you, done well, they could secure you top dollar.

Remember, your buyers will need to see themselves living in this space. Keep it beautiful, yet very neutral. Avoid loud colors and also avoid eccentric fixtures.

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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Problem titles (PT26)

Is there a problem with your property title? Do you know this could turn off potential buyers?

It’s always a good idea to ensure that you are in a position to sell your property before you even list it with a realtor. I know this may seem obvious, but lets say the property was passed down through your family there may be problems that you are unaware of. So, here are a few things that you should consider:

  • If there was a mortgage on the property, ensure that this is discharged?
  • You may want to also look out for any caveats or liens against the property?
  • Restrictive covenants. You want to ensure that there aren’t any breaches.

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

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