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What are property taxes in the Bahamas?

April 26, 2017Bahamas property taxes

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What are property taxes in the Bahamas?

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In respect of owner-occupied property: The first $250,000 is tax exempt. On that portion in excess of $250,000 and less than $500,000, the rate of tax is % of the market value of the property. On the portion in excess of $500,000, the tax rate is 1% of the market value of the property.