§ 2355e. Assessment of property not affected
Nothing in this chapter and chapter 85 may in any manner affect the assessment of real property under this subtitle.
§ 2355f. Rules and regulations; penalties
(a) The Tax Assessor shall promulgate, amend, or repeal such rules and regulations and prescribe such forms as he shall deem necessary to effectuate the purposes of this subchapter, subject to the approval of the Governor. (b) The pertinent provisions of chapter 77 of Title 14 of this code shall apply to every application, statement, […]
§ 2355. Statement of policy
The Legislature hereby determines that there is a continuing and ever increasing need to preserve and protect natural areas, open spaces, the beaches and surrounding waters, historic sites, plant and animal life and the total scenic beauty which are the very essence of the Virgin Islands. With our continuing phenomenal economic growth and ever increasing […]
§ 2355a. Exemptions to nonprofit organizations
(a) In addition to all other exemptions for taxation provided by law, there shall be exempt from property taxes all real property owned by or held in trust for any nonprofit organizations, when such property is (1) used for recreational purposes; or (2) held for the purpose of preserving open spaces, greenbelt areas, buffer zones […]
§ 2355b. Annual application; form; certificate
(a) Eligibility of real property for the exemption granted by this subchapter shall be determined by the tax assessor for each and every year for which such exemption is sought. Application for exemption shall be submitted by nonprofit organizations to the tax assessor on or before October 1 of the tax year for which such […]
§ 2355c. Roll-back taxes
(a) When real property subject to the tax exemption granted by this subchapter, is applied to a use which disqualifies it for exemption, it shall be subject to additional taxes, hereinafter referred to as “roll-back taxes”, in an amount equal to the exemption or exemptions granted for the current tax year (the year of change […]
§ 2355d. Change in use, change in ownership
(a) If change in use of any real property which qualifies it for exemption occurs during the tax year, including the period between October 1, and December 31, the tax assessor shall deny and nullify the application and shall impose the full tax on such real property. If, notwithstanding such change in use, the exemption […]
§ 2346. Roll-back taxes: Determination; enforcement; effect of condemnation
(a) When real property in agricultural or horticultural use and subject to the tax exemption granted by this subchapter, is applied to a use other than agricultural or horticultural, it shall be subject to additional taxes, hereinafter referred to as “roll-back taxes”, in an amount equal to the exemption or exemptions granted for the current […]
§ 2347. Change in use; change in ownership; subdivision of part
(a) If change in use of any real property occurs during the tax year, including the period between October 1, and December 31, the assessor shall deny or nullify the application and shall impose the full tax on the real property. If, notwithstanding such change in use, the exemptions under this subchapter is granted in […]
§ 2348. Assessment of land not affected by subchapter
Nothing in this subchapter may in any manner affect the assessment of real property (whether or not used actively and solely for agricultural or horticultural purposes) under this chapter and chapter 85.