Property owners are advocating a phased approach to the implementation of new property tax charges, even while admitting that use of updated valuations is a necessity.
Howard Johnson, a former president of the real estate association of Jamaica and broker with Howard Johnson and Associates, says he believes that the property values which became effective April 1, 2017 “are in keeping with where they should be”.
However, he adds, it is the approach to implement new taxes which “is grossly inconsiderate and requires revision”. He is projecting that collections will decrease as a result.
“I am afraid that if the plan rolls out as planned, there will be higher non-compliance and the objectives may not be met,” he told the Jamaica Observer.
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