The public is reminded that the Land Valuation and Tax Act 1967 requires the Land Valuation Department to prepare a new Valuation List every five years to document changes in rental levels throughout the island.
The next Valuation List is due to be published on 31st December 2020. As part of an island-wide revaluation process, the Department must collect information about properties, including data on rents, to prepare the new 2020 Valuation List.
During October 2019, the Department will be sending out residential, commercial and tourist survey forms to all land taxpayers on the island.
Included with the forms is a prepaid return envelope. The survey forms should be completed and returned to the Department within 21 days after the date of service.
It is important that everyone who receives a survey form completes and returns it to the Land Valuation Department, as this is a legal requirement. The information collected will be treated as confidential and will be used solely for the purpose of the revaluation exercise and not shared with any other entity.
Anyone requiring assistance with completing the forms can visit the Department’s website www.landvaluation.bm and follow the guidance provided on the 2020 Revaluation page. Additionally, individuals can call the helpline on 297-7964 for the residential survey forms, or 294-0478 for the commercial and tourist survey forms.
Individuals can also take the survey form directly to the Land Valuation Department on the second floor of Global House, 43 Church Street, Hamilton, where a member of staff will be happy to assist.