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News Report: Minister ‘Shocked’ By Realtors’ Challenge To Real Property Tax

Written by Neil Hartnell, Tribune Business, January 27th, 2022

  • Says BREA ‘encouraging people not to pay’

  • Realtor body argues valuations illegal, void

  • Chamber: Phase-in up top 435% increases

A Cabinet minister yesterday said he was “shocked and disappointed” that Bahamian realtors are calling for the withdrawal of all 2022 real property tax bills because they are “illegal and invalid”.

Michael Halkitis, minister of economic affairs, told Tribune Business the legality concerns raised by the Bahamas Real Estate Association (BREA) over the recent valuation exercise “do not arise” and voiced surprise that it would “encourage people to ignore their obligations” to pay due taxes given the Government’s dire fiscal position.