Government of the Republic of Trinidad and Tobago
PROPERTY TAX - NOTICE OF ASSESSMENT FAQ

PROPERTY TAX – NOTICE OF ASSESSMENT FAQ

Ministers Imbert and Beckles-Robinson meet with Saudi Arabian Officials

Ministers Imbert and Beckles-Robinson meet with Saudi Arabian Officials

The Honourable Colm Imbert Minister of Finance along with the Honourable Pennelope Beckles-Robinson, Minister of Planning and Development met with a visiting mission from the Saudi Arabian Fund for Development (SFD) on October 31st, 2023.

National Budget Statement 2024

National Budget Statement 2024

National Budget Statement 2024 presented by the Honourable Colm Imbert, MP, Minister of Finance in the House of Representatives on Monday 2nd October, 2023.

Seminar on the Procedures required for Accessing Funds from the Budgetary Allocation

Seminar on the Procedures required for Accessing Funds from the Budgetary Allocation

The Honourable Colm Imbert, Minister of Finance hosted a seminar on the “Procedures Required for Accessing Funds in the Estimates of Recurrent Expenditure and Development Programme” for Ministers, Perm Secs & Deputy Perm Secs of the various Government Ministries

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Property Tax Notices

Notice of Assessment FAQs - View FAQs

Notices of Valuation - The Commissioner of Valuations wishes to advise that Notices of Valuation are currently being dispatched to property owners. Read More

Property Tax Calculation

Property Tax is only 2.7% of the Annual Rental Value

Property Tax = Annual Rental Value (ARV) x 90% (0.9) x 3% (0.03)

For example, a property which has been assessed to have an Annual Rental Value of $36,000 will attract Property Tax of $972.00 per year or $81.00 per month.

The Formula is as follows:
$36,000 (ARV) x 0.9x 0.03= $972.00 in Property Tax per year or $81.00 per month.

Property Tax Calculator

Enter your Annual Rental Value (ARV) below to calculate your annual (and monthly) property tax.

A property which has been assessed to have an Annual Rental Value of $ will attract Property Tax of $ per year OR $ per month.

Note: Persons are reminded that the Inland Revenue Division (IRD), in accordance with the Property Tax Act, Chapter 76:04, the Notice of Assessment for Property Tax, will be dispatched shortly to residential Property Owners. The Notice of Assessment outlines the Property Tax payable based on the Annual Rental Value (ARV) of your property. Inland Revenue Division Website: www.ird.gov.tt

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