The payment of Real Property Tax is required by law in The Bahamas. The bill is due and payable once produced and must be paid by December 31 to avoid an additional 5% interest. Please note that if a property is not up to date, it can be sold to recover the taxes owed.
Assessments are used by the Real Property Tax Valuations Unit to determine the value of a property and its related Property taxes. An assessment can be initiated by the property owner or by the Real Property Tax Unit.
All buildings registered on the National Register of Historical Buildings are eligible for exemption from real property tax. Exemptions are not automatic and must be applied for even when your property is listed on the Historical Buildings List.
Real Property Tax assessment, payment and exemptions can be reviewed by selecting the link below: