| Coral
Bay Community Council,Inc. |
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| Update on VI property tax: March 11, 2008 Governor's letter and line-item vetoed bill (link) Latest tax calculation model - this calculates at "new rates". (link) Update on VI property tax: February 5, 2008 Taxation:
On Feb. 5th, the Governor introduced amended property tax rate legislation
– the most significant difference is only issuing one tax bill
in 2008 (instead of the planned two bills). However the other provisions
remain the same, and we still do not have the revaluation information
necessary to understand the impact on St. John. The Governor has called
the Legislature into Special Session Thursday, February 6th, to urge
them to move quickly on the legislation – but nothing has really
changed since the Legislature avoided passing the bill two weeks ago
(vote 7-7, with one abstaining).Here is the Governor's latest tax bill
to be discussed by Legislature in Special Session, Thurs, Feb 7th Tax
bill. Update on VI property tax: January 15, 2008The
VI Legislature Committee of the Whole is meeting to discuss property
tax legislation on Friday, January 18th at 9:30 am, on St. Thomas at
the Legislature bldg. CBCC has asked to testify. Here is a copy of the
tax bill (Tax
Bill). Anyone is welcome to attend. We will report back to you on
the hearing.
Also - here is a listing of 2007 St. John property sales for your information (property sales). The corrections and updating of the 2006 property assessments on St. John continues. We were told by the Tax Assessor's office on Jan. 4th that the work continues and the information on the website will be updated shortly....Stay tuned. Update on VI property tax: November 19thRevaluation:
Taxation:
PROPERTY TAX REVALUATION PROCESS The Virgin Islands is under a federal court-ordered property tax revaluation, to bring all property valuations in the Virgin Islands to their accurate market value, for a given year, currently January 2006. This process is being supervised by the Court, and all property owners are invited and encouraged by the VI Tax Assessors office to participate in correcting errors in the draft revaluations that are being circulated now. Have you checked your revaluation value? – If not, see CHECKING YOUR INFORMATION. Resources: www.vipropertyrevaluation.com Doing comparative property analysis: comparative property analysis CBCC letter to the Lt. Governor Sept. 13th: Click Here Contacts for sending your taxation policy letters: Click Here Comparative Property Sales: Coral Bay Sales 2004 to 2007, all St John sales: www.islandiavi.com or some of the other local realtor sites. ACCURACY OF YOUR VALUATION: Is this the market value of your property in January 2006? That is what the number is supposed to represent. If not, call NOW (CHECKING YOUR INFORMATION) and ask questions and ask to be put on the list for revaluation. As of September 26th, revised information on characteristics should be available on the website, including updated data collector visit information and date of inspection, where completed. If you requested it, and yours does not show as of this date, call and request again, just to be sure...You may also be able to get information answered or give them information over the phone or by going to the St. John office at the Battery. DO NOT DELAY: MANY valuations on St. John are too high, or done “wrong” – the errors can be fixed easily now IF property owners point out the errors to the property valuation office. (If you wait, you may have to go through a much more complicated legal process to get your valuation corrected. Now it is relatively easy – since they are working on the DRAFT values.) TAXES:
So how much tax will I pay? Don’t start calculating… Nobody
knows yet. Yes, taxes will go up. They have NOT since about 1998. Click on the documents for more information. This page will change regularly, as more information comes in.
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CORAL
BAY COMMUNITY COUNCIL, INC.
Office: 8-1 Estate Emmaus, Coral Bay, St. John, U. S. Virgin Islands Mailing: 9901 Estate Emmaus, St. John, VI, 00830-9587 |