The Nevis Island Administration (NIA) has been conducting a long-awaited property revaluation exercise aimed at modernizing the island’s property tax system and ensuring assessments more accurately reflect current market values.

Speaking during his latest press conference, Premier Mark Brantley said the physical component of the exercise commenced on July 21^st, 2025, noting that the last comprehensive valuation was conducted in 2008. He said current property values used for taxation are nearly 20 years old and no longer reflect present-day realities:

While acknowledging that some property taxes may increase because of higher property values, Brantley said the government is considering raising exemption thresholds to protect lower- and middle-income homeowners.  This is so that “the tax burden falls most heavily on those able to pay”:

The administration expects the revaluation process to be substantially completed by the end of June. To accommodate the exercise, the deadline for property tax payments has been extended from June 30^th, to September 30^th, 2026.