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new property tax proposal

Travel discussion for St. John

Moderator: The Mgmt.

Re: new property tax proposal

Postby jimg20 » Thu Jun 29, 2017 6:56 pm

Loria, please tell us how to reach her.

JIM
Man it's like some dream we live down here....

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Re: new property tax proposal

Postby iheartsj » Fri Jun 30, 2017 9:44 am

Many of the villas being built are actually commercial businesses and should be taxed at the commercial rate that is 1/2 of this new villa rate. The people who build these villas don't live here and don't contribute to the economy by paying their income taxes to the USVI government.

On the other hand many of these rentals are in personal homes (a adjacent cottage, a separate bedroom suite etc. The people who own these homes are just trying to get by living in this very expensive location.

My suggestion is that the commercial owned villas be charged the commercial
rate rather than residential rate.

I am also curious why people invest in these commercial enterprises but constantly complain that they can't break even. Why do you keep a business that you are losing money on?
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Re: new property tax proposal

Postby iheartsj » Fri Jun 30, 2017 9:44 am

Many of the villas being built are actually commercial businesses and should be taxed at the commercial rate that is 1/2 of this new villa rate. The people who build these villas don't live here and don't contribute to the economy by paying their income taxes to the USVI government.

On the other hand many of these rentals are in personal homes (a adjacent cottage, a separate bedroom suite etc. The people who own these homes are just trying to get by living in this very expensive location.

My suggestion is that the commercial owned villas be charged the commercial
rate rather than residential rate.

I am also curious why people invest in these commercial enterprises but constantly complain that they can't break even. Why do you keep a business that you are losing money on?
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Re: new property tax proposal

Postby loria » Fri Jun 30, 2017 9:46 am

it looks as if the issue has been tabled - will confirm later today - the number for the legislatures office is 340-774-0880-

this isn't going to go away -- but a more equitable solution needs to be considered
< leaving on the 22nd of march...but too lame to figure out the ticker thing again!>
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Re: new property tax proposal

Postby iheartsj » Fri Jun 30, 2017 7:05 pm

tupelodent the VI government didn't send out tax bills for a number of years. and then started sending out 2 per year to catch.

Our real estate offer included paying off the back taxes at a reduced purchase price.
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Re: new property tax proposal

Postby Coconuts » Wed Jul 19, 2017 8:07 am

I'm not at all sure that this issue "has been tabled". I just heard that the VI Senate is considering a 6X increase, but I haven't been able to corroborate that yet. There is a hearing on St. John this evening; we are off island, but know people who will be attending. I'll post what I hear from the meeting. This is pretty serious stuff.

All the best,

Kevin
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Re: new property tax proposal

Postby Donnasculpts » Wed Jul 19, 2017 8:45 am

The meeting scheduled for tonight by Sen. Blyden has been cancelled. He has shelved the idea pending "other measures" about to be proposed to resolve the issue ... so stay tuned for what that may be.
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