Property Owners: yo...
 

Property Owners: your Homestead, Veteran or Senior Credits most likely expire in 2017!!!  

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islandjoan
Posts: 1724
(@islandjoan)
Trusted Member
Joined: 12 years ago

hi everyone

I found out recently that my homestead credit for my property expires in 2017.

I would not have known this if I had not been poking around on my account online at:
https://propertytax.vi.gov/Lookup/TaxBillLookup.aspx

Because I have a mortgage, and my property tax had been escrowed, I don't get the bills mailed to me.

So I check online to confirm that I have not been billed due to my homestead credit. (the credit wipes out my low bill)

Low and behold I saw that my credit expires in 2017.

So to find out if yours expires, go to:
https://propertytax.vi.gov/Lookup/TaxBillLookup.aspx

Put in your last name and first name, you don't have to fill out the other fields.

Click on the Account # tab

Then click on Bill, far left

Then Click on Expirations

You will most likely see Homestead Tax Credit Expiration Year 2017

So to keep getting the credits, you have to apply before the end of the year to get the credit for 2017. You have to take the form to the Lt. Governors Office in Christiansted (not sure where that is on STT or STJ) along with proof of residency at the property. (you cannot get the credit if you rent the property out)

You can download the application form here:
http://ltg.gov.vi/property-tax-form-download.html

1. General Homestead: Property owners who occupied the home as their primary residence as of January 1, 2008 are eligible.
Applicants must show proof of residency by providing a valid United States Virgin Islands driver’s license or voter’s registration card.
Applicants are also asked to show proof of occupancy by providing a current utility bill.

Maximum tax credit: $400.00

21 Replies
Alana33
Posts: 12153
(@Alana33)
Expert
Joined: 7 years ago

Since when does this expire?
It never used to.
Crikey, more paperwork to get lost in the system and hoops to jump thru!

In STT, the Lt. Governor's/Tax Accessors Office is on 2nd floor, up the road behind Paragon Medical

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islandjoan
Posts: 1724
(@islandjoan)
Trusted Member
Joined: 12 years ago

Alana, I'm not sure exactly when this went into effect but it was sometime this year, as I did get the credit on my 2016 bill.

I don't know if the public was notified of this back when the credit amounts increased (I think homestead used to be $250 and went up to $400 a couple of years ago)

If the public was NOT notified, most likely it was a strategy by the government to get more tax funds, because those who have their tax escrowed thru their mortgage company never see their bill so would not know otherwise about the expiration in 2017. And therefore will now owe a tax bill!

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islandjoan
Posts: 1724
(@islandjoan)
Trusted Member
Joined: 12 years ago

ps If I remember correctly (I wrote it down but don't have it with me) the credits are only good for 5 years now and people must reapply every 5 years.

I think they used to be good for 10 years.

I bought my condo in 2008 and applied for the credits then, and I have gotten the credits every year since then.

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Alana33
Posts: 12153
(@Alana33)
Expert
Joined: 7 years ago

I just call the tax accessor's office (340) 776-8505 STT.
The lady I spoke with said it's not yet implemented but would happen sometime in 2017. It is to effect ALL property tax bills for homeowners in order to cut down on fraud.

I tried to look up my records on the link provided by islandjoan and got zip.
When I asked why I couldn't access my records thru a search, she said to ONLY put in the parcel number and absolutely NOTHING else.
That worked.

I've had the homestead exemption on my present home that I purchased in
2003 and never had to renew it previously.

Reply
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