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Tax assessor, collector outline installment plans, mass‑reappraisal needs and timeshare consolidation progress
Summary
LGO officials described property tax deadlines, installment plans, mass reappraisal staffing needs and ongoing work to consolidate timeshare billing; the tax collector said roughly $100 million in outstanding property tax debt dates back decades.
The Division of Real Property Tax told the budget committee that annual real property taxes are due June 30 and become delinquent after August 30 under Title 33 of the Virgin Islands Code. Tax Assessor Ludens A. Romney and Tax Collector Brent Leardam outlined tools for collection, including installment plans, tax lien sales, auctions and judicial in rem foreclosure.
Romney said a mass reappraisal must be conducted every five years…
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