Too early to assess impact of municipal tax, says BEAVA spokeswoman

It is early days yet to say if the controversial Municipal Solid Waste Tax will affect the sale of real estate in Barbados.

President of the Barbados Estate Agents and Valuers Association Inc (BEAVA) Suzanne Davis told Barbados TODAY agents were not reporting any immediate impact.

This comes even as criticisms about the new levy, which has sparked a number of marches from interest groups, one as recent as yesterday, continue to mount among a range of industries.

But Davis said it was too early to judge if it would impact sale of property in Barbados, adding that agents were “not getting a lot of questions” about it from potential buyers.

“It is early days yet. There is a lot of concern about it but at this stage it is still too early to say if it is affecting sales or not,” said Davis.

The deadline for the tax, which is charged at 0.3 per cent on the improved value of properties, has been extended to December 31, without landowners incurring a penalty.

Some pensioners have also been exempted from the levy while the payment for owners of agricultural land has been slashed in half.

 

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