The first thing the Inquiring Iguana saw when he landed home Saturday at Blue Tang, a page three story in the Virgin Islands Daily News that the federal court has finally given the government the green light to resume collecting property taxes.
The Court had prohibited the government from collecting taxes for the past five years. It also refused to accept property values of a territory-wide reassessment in 2009 in part because of challenges by property owners that the tax system was unfair and unconstitutional.
Well, now the Court now says the VI tax appeal process is much improved and therefore the government can resume collecting taxes.
Villa owners, who have not had to pay any taxes for several years, were issued bills for 2006 last year, at valuations from 1998. Acordiong to the Virgin Islands Daily News report of the court tax story, property owners can expect a bill for 2007 to be issued next month. The bill for 2008 will come this summer. Both will be based on the old assessment of 1998.
Bills for 2009 and 2010 will be issued next year; 2009's will be at the 1998 valuation while the 2010 bills will be based on the the last reassessment and valuations which upset many property owners, especially St. Johnians.
The St. John Source also has a story, but says "There is presently no timetable in place for the issuance of the 2009 or 2010 bills." Read it here.