Barbados land tax calculator 2026
Land tax in Barbados is set by the Barbados Revenue Authority and charged on the value assigned to the property. For a home the first Bds$400,000 of improved value is taxed at 0%, and the rate then rises through three bands.
The bands apply from 1 April 2026, after the Government widened the zero band from $300,000 to $400,000. Non-residential property and vacant land pay a single rate on their value.
How it's calculated
- Residential: 0% up to Bds$400,000, 0.1% from there to Bds$550,000, 0.7% to Bds$950,000 and 1% above that. Each rate applies only to the slice in its band.
- Land with a building other than a residence: 0.95% of the improved value.
- Vacant land under 4,000 sq ft: 0.8% of the site value.
- Vacant land over 4,000 sq ft: 0.9% up to $450,000 of site value and 1% above that.
An example
A house is assessed at Bds$1,000,000. The first Bds$400,000 pays nothing. The next Bds$150,000 pays 0.1%, which is Bds$150.00. The next Bds$400,000 pays 0.7%, which is Bds$2,800.00. The last Bds$50,000 pays 1%, which is Bds$500.00. The bill for the year is Bds$3,450.00.
Frequently asked questions
How is residential land tax worked out in Barbados?
The BRA land tax FAQ and its press release on the 2026 to 2027 bills set 0% on the first Bds$400,000 of value, 0.1% to Bds$550,000, 0.7% to Bds$950,000 and 1% above.
What rate applies to a commercial building?
The BRA FAQ gives 0.95% of the improved value for land with a building other than a residence.
What rate applies to vacant land?
0.8% for lots under 4,000 sq ft, and 0.9% or 1% for larger lots depending on a site value of $450,000.
Key terms
- Land tax
- An annual tax on land and buildings, collected by the Barbados Revenue Authority.
- Improved value
- The assessed value of land together with the buildings on it.
- Site value
- The assessed value of the land alone, used for vacant lots.
- Band
- A slice of value taxed at its own rate.
Up-to-date official data
Data checked against the official source on .
We check the official sources automatically, every day.
- Barbados Revenue Authority and Ministry of FinanceLower Land Tax Bills Coming for Residential Properties Valued Above $450,000 (August 24, 2026)
- Barbados Revenue AuthorityFAQs: Land Tax (How is Land Tax calculated?)