The government estimates that it will collect $3.5 million in property tax this year, $2.5 million less than it budgeted for in 2012, Opposition Leader Arnhim Eustace said yesterday, adding that Prime Minister Dr Ralph Gonsalves has âbowed to the pressureâ regarding the revised tax.{{more}}
Eustace said on the New Democratic Partyâs (NDP) New Times programme on NICE Radio that legislators from the NDP â which he heads â did not support in Parliament last year the bill that changed property tax from a percentage of the rental value to a percentage of the market value.
Eustace said yesterday that opposition lawmakersâ objection to the bill was the absence of a tax rate.
And in the 2012 Estimates, the government budgeted for $6 million generated from property tax, up from $2.7 million in 2011.
The figure has been reduced to $3.5 million in 2013, Eustace said.
âSo, as a matter of fact, the property tax, he (Gonsalves) has back-backed on it â let me put it that wayâ¦â he said, using a colloquial expression meaning âreversed positionsâ.
âBecause he (Gonsalves) realise people werenât going for it (property tax). And when you consider there are about 10 or 12,000 new persons, if you only have an increase from 2.7 [million dollars] to 3.5 million [dollars], there is not going to much increase in property tax any more.
âI think he bowed to the pressure. He will give you some other reason, but he bowed to the pressureâ¦â Eustace further said of the prime minister. ([email protected])
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