Land Tax

All homeowners and long-term tenants are required to pay Land Tax twice yearly. You must pay Land Tax if you are:

  • the sole proprietor of a property

  • a life tenant in an property
  • a leaseholder for three or more years
  • a periodic (yearly or monthly) tenant of property owned by the Government of Bermuda

Determining Land Tax amounts

Your Land Tax bill is calculated by the Office of the Tax Commissioner. Your Land Tax rate is based on the annual rental value (ARV) of your property. 

You can calculate your current residential properties Land Tax rate Office spreadsheet iconhere.

The proposed  Land Tax rate on residential properties will come into effect on 1 July 2019. You can calculate proposed rates Office spreadsheet iconhere.

The following table explains the current rates of tax for private dwellings:

Annual Rental Value (ARV) band Value range in dollars Tax rate percentage

1

0-$11,000

0.80

2

11,001 - 22,000

1.80

3

22,001 - 33,000

3.50

4

33,001 - 44,000

6.50

5

44,001 - 90,000

12.00

6

90,001 - 120,000

25.00

7 120,001 and over 47.00

 

The following table explains the proposed rates of tax for private dwellings:

 

Annual Rental Value (ARV) band Value range in dollars Tax rate percentage
  1 - $22,000 $300
 

Over $22,000

 
  $300 with the below rates  

1

0-$11,000

0.80

2

11,001 - 22,000

1.80

3

22,001 - 33,000

3.50

4

33,001 - 44,000

6.50

5

44,001 - 90,000

17.00

6

90,001 - 120,00

30.00

7 120,001 and over 50.00

 

The Land Tax on Commercial Properties is 12% in respect of the tax periods July 1, 2018 – December 31, 2018 and January 1, 2019 – June 30, 2019. The Land Tax on Commercial Properties in an Economic Empowerment Zone remains at 7%. 
The proposed Land Tax on Commercial Properties beginning with the period July 1, 2019 is 9.5%. A new category will be introduced for tourist properties with a tax rate of 8%. It is proposed that the Land Tax on Commercial Properties in an Economic Empowerment Zone remains at 7%

You can find your specific ARV on the Land Valuation website. To identify your property you will need to enter either:

  • your street name and house number
  • your valuation assessment number

Your Land Tax bill is mailed to you before the due date. If you don’t receive the statement, you can contact the Office of the Tax Commissioner for a copy.

Land Tax due dates in Bermuda

Land Tax is due twice a year twice a year in March and September, on the specified date in the demand note issued by the Tax Commissioner. Failure to pay on the due date will result in the accumulation of interest on the amount owing at 7 per cent per annum.

Relief from Bermuda Land Tax

If you are 65 years old or over and own and occupy a private dwelling, you can be exempted from $1,566 in Land Tax annually. This exemption only applies to homes with annual rental value (ARV) up to $45,500. Tax will be due on the value of the ARV in excess of $45,500.

The proposed exempted amount beginning July 1, 2019 is $1,941. The proposed rates for the ARV bands up to the exempted ARV of $45,500 is $1,641. 

The total proposed exemption includes the $300 flat rate which is being introduced beginning July 1, 2019.

PDF iconDownload an application form or pick one up from the Office of the Tax Commissioner to apply for relief from Land Tax.

How to pay your taxes in Bermuda

You can pay your Land Tax and Payroll Tax bills online, in person with cash or cheques, by mail (cheque only), and through your bank. Read more about on how to make payments to the Government of Bermuda.

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