Finance Minister Colm Imbert confirmed at Tuesday’s Senate Debate that that Property Tax becomes applicable on January 1st, 2024.
Minister Imbert told Senators that no Notices of Property Tax have so far been sent out.
The Minister went on to say that if citizens believe they have been assessed improperly, a complaint system is established as part of the law.
He says that persons unable to pay the tax, for instance a pensioner, can make a case for deferral of the payment. The Property Tax however will come due once the situation changes, for example the pensioner passes on and wills the property to a child or any other beneficiary.