Real Property Tax Payment : Bahamas

Name of the Organization : Department of Housing
Type of Facility : Real Property Tax Payment
Country : Bahamas

Website : https://www.bahamas.gov.bs/wps/porta…vZ0FBIS9nQSEh/

Related :
Department of Housing Application to Purchase a Government House Bahamas :
https://www.statusin.org/6395.html

Payment of Real Property Tax :

Property Tax is required by law in The Bahamas. The bill is due and payable once produced and must be paid by December 31 to avoid an additional 5% interest.

Eligibility for All Property Owners.

Note: If a property is not up to date, it can be sold to recover the taxes owed.

You may pay your Real Property Tax online using the go to service button.

Go to Service: https://www.bahamas.gov.bs/wps/myportal/public/PayTax

Process :

** The Pro:perty Tax bill is usually issued in mid October. The bill is due and payable once produced
** Property owners may visit any of the identified offices to pay the bill. Payments can also be made via wire transfer
** Once payment is made, a receipt is issued by the office.

Application Form(s) :
No application form is needed.

Supporting Documents :

** Account Number
** Assessment Number
** Property Owner’s name

Turn-around time :
Once payment is made, it is immediately processed and will show up on the owner’s account.

Deadline :
The bill is due and payable once produced and must be paid by December 31 to avoid an additional 5% interest.

Related Fee(s) :
Fees may vary dependant on the amount indicated on the bill.

For more information please contact :
Business Licence/Valuation Unit
Frederick House
Frederick St.
P. O. Box N-13
Nassau
New Providence
The Bahamas

E-mail: businesslicenceinquiries [AT] bahamas.gov.bs

Opening Hours: 9am to 4pm, Monday to Friday

FAQs :
How many work permits would my business be entitled to?
Necessary work permits for key personnel will be granted. Businesses requiring permits for persons other than key personnel are encouraged to discuss these requests with The BIA in advance.

How can I become an International Owner of Second Homes?
Overseas Investors may acquire residential properties in The Bahamas of up to two acres without prior Government approval.

Such acquisitions are required to be registered in accordance with the International Persons Landholding Act. Second Home Owners are eligible for a Home Owners Residence Card, renewable annually.

Please N.B. This card will :
** Facilitate entry into The Bahamas and entitle the owner, his spouse and minor children to enter and remain in The Bahamas for the duration of the validity of the card.
** Application may be made to the Director of Immigration.

Am I eligible for Annual or Permanent Residence?
Accelerated consideration of application for Permanent Residence will be given to:
i) Major International Investors; and
ii) Fit and proper owners of residence valued at $1,500,000.00 or more.

Why should I invest in the Bahamas?
** A politically stable environment conducive to private investment
** An atmosphere where investments are safe and the expropriation of investments capital is not a considered option;

** A legal environment based on a long tradition of Parliamentary Democracy, the rule of constitutional and statue laws and where security of life and personal property is guaranteed;

** A stable macroeconomic environment bolstered by a prudent fiscal policy, a stable exchange rate, flexible exchange control rules and free trade;

** An environment in which freedom from Capital Gains, Inheritance, Withholding, Profit Remittance, Corporate, Royalties, Sales,l Personal Income, Dividends, Payroll and Interest Taxes are ensured;

** Essential public service, an adequately equipped police constabulary, modern health and education facilities and other social services;
** Dependable Public Utilities; and
** Essential Public Infrastructure such as roads, ports and airports.