2020 Revaluation

The Land Valuation & Tax Act 1967

Under the provisions of the above Act, a new Valuation List has to be prepared to take account of changes in rental levels since the current 2015 Valuation List was last compiled.  It is therefore necessary to obtain information about your property in order to prepare the new 2020 Valuation List.  All information collected by the Department is confidential and will solely be used for the purposes of the revaluation and not shared with any other entity.

Survey forms are due to be mailed in October 2019 from the Department asking various questions about your property. 

Below are step by step guides which give further information about each question to help you complete the forms correctly.  

Residential Properties Guidance Notes

Condominium Properties Guidance Notes

Commercial Properties Guidance Notes

Tourist Properties Guidance Notes 
 

Offences 

Please note that in accordance with Section 7 (3) and Section 7 (5) of the Land Valuation and Tax Act 1967, it is an offence to:

  1. Not return the form within the 21 days of service. Failure to do so could result in a fine of $1,000.
  2. Make any false statements on the form. This could result in imprisonment for 3 months or a fine of $5,000, or both

Any person who fails to return the form within the prescribed period or knowingly withholds information shall not be able to produce that information in any objection to the Draft or Confirmed Valuation List(s) per Section 7 (2)(a) of the Land Valuation and Tax Act 1967. 

Other Useful Links

Island Wide Revaluations
Revaluation of properties – maintaining the valuation list and Methodology of land revaluations
 

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