Finance Minister, Audley Shaw, is expected to announce in Parliament today adjustments in the government’s new property tax regime.
The adjustments are expected to reduce the amounts some people are now required to pay.
This, as the government responds to the outcry over the huge increases some people are faced with.
As of this month, property taxes have increased for 65-percent of landowners.
Cabinet last week discussed how the government will respond to the outcry.
Information Minister, Ruel Reid, last Friday told Nationwide News that Minister Shaw will announce the details of the adjustments in Parliament today.
There’s been significant pushback against the increases in property tax.
The Opposition People’s National Party, PNP, has called the increases ‘wicked’ and ‘unjust’, saying they’ll cause economic hardship for many people.
The Jamaica Hotel and Tourist Association, the Realtors Association of Jamaica and the Jamaica Manufacturers’ Association have also decried the property tax changes.
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