The Georgetown Mayor and City Council (M&CC) is urging city residents to ensure that they take advantage of the one month tax amnesty which affords property owners write-offs on the interest accumulated on property rates owed to the council.
According to Town Clerk Royston King, the response so far has been favorable. He said property owners in the city are taking advantage of the amnesty offered by the Council.
“They have been coming in and settling their accounts with City Hall… we are grateful because we need every cent to move the city forward and we are very happy with the response we have received,” King said.
The amnesty, which is to be offered from the 1st to the 30th of September, will offer those who are in arrears with the M&CC an opportunity to clear their debt.
The amnesty will see owners of residential properties benefiting from total write-offs on accumulated interest while businesses will receive between 50% and 75% waiver on their interest.
King said the council is targeting the overall collection of $1 billion from the amnesty and so far they are doing well, as he encouraged property owners who have not made use of the period to do so.
He said the Council will not be extending the programme nor will there be another such programme in the coming year.
“We need the money to move ahead… we are also talking to residents about taxes and public health and talking to them about complying with by-laws,” he added.
Currently the Council is engaged in drainage and enhancement works in parts of the city which includes Lacytown, Bourda, Agricola and as such the money is needed.
A previous amnesty offered by the council from 2009 to 2011 netted in excess of $180M.
King said in 2009 city rates accounted for about 70 percent of the council’s total revenue collection.