PR — Pearce Robinson
The Civic Desk

Trinidad and Tobago / Public-interest reference

Property tax: the record.

The repeal and the historical residential calculation

PR monogram
Source review · 14 November 2026Historical reference · Not a current tax bill
01

The law changed

Repealed from 1 January 2026

Section 17 of the Finance Act 2025 repeals the Property Tax Act. Section 23(1) brings that repeal into force on 2026-01-01. This tool does not calculate a current liability under the repealed Act or determine whether an earlier assessment remains payable.

Finance Act 2025 · ss. 17, 23(1)
02

Check the historical example

Use the annual rental value, not the market sale price. The IRD’s published residential example deducts 10% from ARV, then applies 2% to the remainder. An ARV of TT$24,000 gives TT$432 under that historical method.

IRD historical assessment FAQ