§ 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, […]
§ 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 […]
§ 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 […]