Tax Collector Valencio Jackson is advising Virgin Islands property owners that pursuant to Act. No. 7241, penalties and interest will be charged on the revised 2006 bills beginning February 16, 2011.  The revised 2006 property tax bills were issued in July 2010 and became delinquent on November 15, 2010.   In accordance with prior legislation, property tax payers were not required to pay any penalty and interest on the 2006R tax bills.  

Act 7241 states that:  “Notwithstanding the penalty and interest provisions of Title 29 Virgin Islands Code, section 2494, no interest or penalty may be levied on any assessment for the property tax years 2006, 2007, and 2008 for six months after the date of issuance of the respective year’s tax assessment.”

Accordingly, Virgin Islands property owners are encouraged to pay their 2006 property tax bills before February 16, 2011 in order to avoid the assessment of penalty and interest.  After that date, penalty and interest charges will be assessed.

For more information, contact the Office of the Tax Collector in your respective district at (340)776-8505 on St. Thomas, 776-6737 on St. John, 773-1105 in Christiansted or 772-0120 for the Frederiksted office.

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