Frequently asked questions
Our Services Frequently Asked Questions
What is Real Property Tax?
Real Property Tax is a tax levied on residential and commercial properties in The Bahamas, based on their assessed value.
How is Property Tax Calculated?
Property tax is calculated based on the assessed value of the property, taking into account factors like location, size, and usage.
Are There Exemptions Available?
Yes, certain properties and property owners may qualify for tax exemptions or reduced rates. This includes exemptions for first-time homeowners and specific property types.
What Happens If I Don’t Pay On Time?
Late payments may incur penalties. It’s important to understand the due dates and penalty structure to avoid extra charges.
How Can I Check My Property’s Tax Assessment?
You can use our RPT Assessment Verification Form to verify your property’s tax assessment and ensure accuracy.
Can Imhotep Management Assist with Tax Disputes?
Absolutely, our team offers guidance and assistance in navigating disputes related to property tax assessments and payments.