Land Tax Mix-Up Affects 25K Homes | Barbados News

A major tax mix-up has hit 25,807 Barbadian homeowners after a glitch in how land tax bands were recalculated following the residential property tax-free threshold hike from $300K to $400K. While properties valued between $400K and $450K were correctly taxed, others paid more due to outdated band calculations. The Minister of Finance, Ryan Straughn, has released corrected rates: 0% on up to $400K, 0.1% on $400K–$550K, 0.7% on $550K–$950K, and 1% above that. Affected homeowners can opt for refunds, credits, or debt offsets. Corrected bills are en route with extended deadlines, and the system will now auto-adjust tax bands with future threshold changes. Check your updated bill via the Barbados Revenue Authority portal. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/d58148e0af8973c8