Why do we pay taxes?
Taxes are levied in order to support a central body (Government) in the provision of community wide essential services. Examples of these services are: defense, health, education, the emergency services (ambulance, fire and police), public highways, public parks, garbage disposal and so forth.
Why a tax on land?
Revenues from land taxes are both stable and predictable.
Who has to pay land tax?
The "owner" of a valuation unit is liable for land tax charges. The "owner" is usually the freeholder but can also include a life-tenant, a leaseholder for three years or more and even a periodic (yearly or monthly) tenant in the case of properties owned by the Government, WEDCO or BLDC.
Who may receive relief from land tax?
Bermudians 65 years or older are entitled to relief from land tax. They must be owner/occupier of the unit.
When is land tax payable?
Land tax is payable twice each calendar year. There are two tax periods commencing January 1st and July 1st. With payments due in the months of March and September respectively.
Who determines the rate of tax?
The rate is determined by the Ministry of Finance.
What is the basis of valuation for Land Tax?
The basis in Bermuda for assessment is that of the "Annual Rental Value" (ARV). It is an estimate of the rental value of all properties (whether rented or owner-occupied) that assumes a set of hypothetical terms as the basis for each assessment but using actual market evidence as the source for all assessed levels of value.
Who determines the ARV?
The ARV is determined by the Land Valuation Office.
Where do I find the ARV of my property?
You can find your ARV by visiting the Land Valuation website at www.landvaluation.bm. To identify your property you will need to know either:
Can I get my land tax bill electronically?
- Your street name and house number
- The valuation assessment number
No. Not at this time.
What are the different methods of payment for Land Tax?
There are various methods of payment.
You can make payment by cash, cheque or credit card at the cashiers in the Government Administration Building on Parliament Street. Their hours of operation are from 9:00a.m. to 4:30p.m.
Payment is also available by internet banking. We are currently set up with Bank of N T Butterfield and Bank of Bermuda (HSBC)
In addition, payment can be made through our e tax website at www.etax.gov.bm.