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% on 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% on the site value of vacant land measuring less than 4,000 sq. ft. or 371.6 M2
  • 0.9% on the site value of vacant land measuring over 4,000 sq. ft. & valued up to $450,000
  • 1.0% on the site value of vacant land measuring over 4,000 sq. ft. & valued over $450,000

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