Any owner who must rebuild his house following the passage of Hurricane Irma, will be exempt from property tax for two years, according to article 1383 of the general tax code of Saint Martin. This provision was confirmed in territorial council during the debate of the budgetary orientations Thursday morning. Will be concerned individuals and companies.
However, it remains to agree on the term "reconstruction" which must be clearly distinguished from repair; in this case, the exemption does not apply.
For example, “everything related to the closed and the covered (frame, window, door) is considered repair. We talk about reconstruction when the structure is gone, broken ”.
As a reminder, the Collectivity has decided to exempt from property tax 2017; the owners who had already paid it, had to receive the reimbursement.
(Source: www.soualigapost.com)
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