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Rainy Day reading

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Exit Zero
May 01, 2017 10:25AM

Registered: 10 years ago
Posts: 2,239

With the new 'sin' taxes taking effect residents may find this a worthwhile read on a rainy day.


http://newsofstjohn.com/wp-content/uploads/2017/05/Outstanding-Property-Tax-in-USVI.pdf



Edited 1 time(s). Last edit at 05/01/2017 10:26AM by Exit Zero.

Re: Rainy Day reading

sunshinefun
May 01, 2017 11:43AM

Registered: 5 years ago
Posts: 606

Knowing how messed up and sloppy with paperwork the GVI is, its doubtful that much of this is even collectible despite Mapp and Potter's threats.

Re: Rainy Day reading

rmb2830
May 01, 2017 04:11PM

Registered: 10 years ago
Posts: 440

Amazing difference between the relatively low number of STX properties with taxes owed and the high number of non-paying owners on other islands. Incredible how many are STT properties.

Re: Rainy Day reading

islandjoan
May 01, 2017 04:28PM

Registered: 11 years ago
Posts: 1,546

How do you know how many are STT or STX? Of course if you recognize the person or business you will know, but otherwise no way to tell which island the rest are from.

Re: Rainy Day reading

rmb2830
May 01, 2017 05:20PM

Registered: 10 years ago
Posts: 440

parcel numbers beginning with a 2 or a 4 are St Croix--Christiansted office or Fred'sted office. Compare that to the number beginning with a 1 or 3 or 5...

Re: Rainy Day reading

AandA2VI
May 01, 2017 05:34PM

Registered: 6 years ago
Posts: 2,205

GULP! I wonder what the total amount? Wonder if it would clear the VI debt in entirety?? maybe not but dang thats a lot of cheddar! Sad though... 30 days to come up with all that money is gone result in a lot of auctioned property.

Re: Rainy Day reading

sunshinefun
May 01, 2017 05:55PM

Registered: 5 years ago
Posts: 606

The list represents decades of "possible" unpaid taxes. The vast majority will be either uncollectable, disputed or already paid.

I think Mapp said there was $435 million in potential unpaid taxes but I would guess that maybe 10% of that is recoverable, eventually.

They don't have the manpower needed to even grab the low hanging fruit he keeps talking about. But, it might be a good time for lawyers!

Re: Rainy Day reading

rmb2830
May 01, 2017 06:06PM

Registered: 10 years ago
Posts: 440

they say over 103 million owed in real property taxes.
And the taxes themselves are really low compared to what the tax for the same value of property would be in many areas of the US. Never mind the underassessment of so many parcels, with a relatively small number of over-assessed properties for which the owners can always file appeals (but you have to pay the tax to appeal).

Lots of years ago, like in the 80's and 90's, the gov't would schedule tax sales on property on a regular schedule---and post all the overdue tax parcels in the newspaper, with owners getting their property crossed off on the newspaper ad as they went in and paid, or I guess proved it had already been paid. Then the gov't went for years with no action, so it appears many people and corporations/businesses just did not pay. Some really large amounts now on this list.

Re: Rainy Day reading

islandjoan
May 01, 2017 06:45PM

Registered: 11 years ago
Posts: 1,546

Ahhh yes thanks I didn't take the time to research that or figure it out!!

Quote
rmb2830
parcel numbers beginning with a 2 or a 4 are St Croix--Christiansted office or Fred'sted office. Compare that to the number beginning with a 1 or 3 or 5...

Re: Rainy Day reading

Gumbo
May 01, 2017 09:19PM

Registered: 4 years ago
Posts: 482

How in the world were these people allowed to get this far behind on their property taxes? How many have they let slide on income taxes I wonder?

Re: Rainy Day reading

Alana33
May 02, 2017 10:50AM

Registered: 6 years ago
Posts: 11,847

They also have dead people on the list.

Re: Rainy Day reading

Gumbo
May 02, 2017 01:01PM

Registered: 4 years ago
Posts: 482

Quote
Alana33
They also have dead people on the list.

So that means the estate is responsible for the taxes right?

Re: Rainy Day reading

vicanuck
May 02, 2017 01:04PM

Registered: 8 years ago
Posts: 2,285

Quote
Gumbo
Quote
Alana33
They also have dead people on the list.

So that means the estate is responsible for the taxes right?

Usually, but estates here can take decades to go through probate.

Re: Rainy Day reading

Scubadoo
May 02, 2017 02:09PM

Registered: 3 years ago
Posts: 1,996

Quote
vicanuck
Quote
Gumbo
Quote
Alana33
They also have dead people on the list.

So that means the estate is responsible for the taxes right?

Usually, but estates here can take decades to go through probate.


Hmmm, does the prevent the government from taking possession?

Re: Rainy Day reading

vicanuck
May 02, 2017 04:54PM

Registered: 8 years ago
Posts: 2,285

I'm not certain about that! Probably not if the property ownership is undecided because of court/legal action.

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