Property Valuation is the valuation of real holdings, that is, land, permanent and temporary structures. Property Tax is a percentage of the value assigned to the property and is calculated by the formula:
|VALUATION x TAX RATE = PROPERTY TAX
The Property Valuation section consists of a team of officers headed by the Chief Valuation Officer, who is assisted by field and mapping officers and an administrative support team.
The Chief Valuation Officer is the primary person responsible for the supervision of all valuations, ensuring all properties are appropriately classified and that the Saint Christopher and Nevis Property Tax Act 2006 (No. 13 of 2006) is administered in a fair and equitable manner. Our Field Valuation Officers conduct on-site visits to construction sites and completed properties and meet with property owners. During their field evaluation visits, the officers often take measurements and other property characteristics and details, to arrive at an appraisal of your property valuation. Pictures of your property are required to be taken for easy identification and to update our GIS information system. Our Property Tax system is based upon the most current market value and therefore, the field valuation teams may re-visit your property to obtain updated information, to promote a fair and equitable regime.
The Mapping Officers’ work may also entail some field work, however, their tasks are often limited to updating the graphical representation of the properties in St Kitts and Nevis. In over 90% of cases, the homeowner can identify their property on our Graphical Information System (GIS) map. The map also shows roads, vacant lots and other general information useful to the Department in creating accurate property values.
The administrative support team is usually the first point of contact should you phone or visit the department for property related business. These officers will answer your questions, print your Certificate of Value (COV), property Demand Notices and update your personal and property related information.