Land Valuation

How is the building fee calculated?

Building fees are calculated based on the square meters/square footage of the structure to be erected plus a site inspection fee.
The fees are as follows:
$173.00/meter sq.........................Large Family/Single Family with 6 bedrooms & over

$127.00/meter sq.........................Single family dwelling & extensions

$228.00/meter sq.........................Apartments/Town Houses/Multi-Family dwellings & extensions

$241.00/meter sq.........................Petrol filling station

What is Development?

Development means the carrying out of building, engineering, mining or other operations in, on, over or under land, or the making of any material change in the use of any buildings or other land. Essentially development occurs when changes takes place on a land/building.

What if you disagree with the assessed value of your property?

You may serve a Notice of Objection on the prescribed form at the Commissioner of Land Valuations within 60 days after receiving the Notice of Valuation. You may also fill in a Declaration of Value form indicating the amount that they believe is the more accurate value of the land. The landowner should pay 75% of the tax liability while the objection is being considered.

How is land valuated?

Valuation in Jamaica is based on the unimproved value of the land, that is, the price which the owner would expect to receive if he were selling the land alone disregarding the value of any improvements such as buildings and crops. Several factors determine the (unimproved) value of land, including: Size of the parcel of land, Zoning and type of land, Potential for development, Topography (elevation & other surface features), Soil classification, Access to municipal & commercial services, and Neighbourhood characteristics.

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