The first Virgin Islands property tax bills to be issued in years have arrived in territory and stateside mailboxes. The new bill is for 2006.
The Tax Assessor used the same valuations for St. John as in 1998, meaning it's a bargain given the incredibly high values set from a VI-wide reassessment several years ago.
A federal district court blocked the Virgin Islands from issuing bills based on those values. The government has been without property tax revenue for years while the court case continues.
Property owners have until Oct. 15 to pay the new bill before accruing late fees.
A second tax bill, for 2007, is likely to be issued this fall, as the Territory plays catch up. It's possible bills for 2008 and 2009, will be issued next year.
The Coral Bay Community Council spoke for many property owners, perhaps some still in shock from seeing their property values calculated as rising 400 or 500% from the unimplemented reassessment. "This is EXCELLENT short term news for St. John taxpayers — and will also allow the government to collect up to four years of much needed revenue for the infrastructure and services we all desire."