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Real Estate Taxes

The government of Barbados levies an annual property tax which is due and payable on the 31st March of each year. For early payment, there is a discount on the assessed tax. The property taxes are revised every three years by the Land Tax department. The following table gives the tax rates.

 

Residences    
Up to $125,000   Nil
$125,000 - $350,000   0.1%
$350,000 - $850,000   0.65%
Over $850,000   0.75%
 
Commercial   0.65%
Unimproved Land   0.60%
Hotel   0.65%
 
*Villas   0.65%

*Rebate of 25% on production of Certificate issued by the Barbados Tourism Authority once qualifications are met.
  gated community