Frequently Asked Questions

In this section you will find all the frequently asked questions about the facilities and services offered at the Barbados Revenue Authority.

How is Land Tax calculated?

From Land Tax year 2019 -2020, there has been a change to the tax rates. They are as follows:

Improved Land (for Residential purposes)

  • 0.0% of land valued up to $150,000
  • 0.1% on the excess of the improved value greater than $150,000 but not exceeding $450,000
  • 0.7% on the excess of the improved value greater than $450,000 but not exceeding $850,000
  • 1.0% on the excess of the improved value greater than $850,000

Please note that tax on improved land is calculated on the improved value of the land

Improved Land (for Non-Residential purposes)

  • 0.95% on the improved value of each parecel of land on which there is a building other than a residence

Vacant Land

  • 0.8% of the site value of land where the gross area of the lot is not greater than 4,000 sq ft or 371.6 M2
  • 1.0% on all other vacant lands

Please note that tax on vacant land is calculated on the site value of the land