Tuesday, September 27, 2011

Belize, escalating unused land tax program.

WHATEVER HAPPENED TO THE ESCALATING LAND TAX PUT IN BY THE PUP?

I remember when large landowners who did not use their land, had to pay an annual escalating tax, each year, if they did not use their land. At the time, it worked very well, to break up large landholdings that had gone back to forest. Owners often chose to pay their land tax with parcels of land. Haven´t heard about that government program for a couple of decades. What happened with it? Is it still on the books?

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