Are you presently in a location where you require documents for either professional or personal reasons consistently.
There are numerous legitimate document templates accessible online, but finding ones you can trust is not simple.
US Legal Forms provides a vast array of template documents, including the Virgin Islands Sample Letter for Tax Deeds, which can be completed to comply with federal and state regulations.
US Virgin Islands is not a tax haven or offshore jurisdiction, but USVI companies (or corporations) could be established as "USVI Exempt Companies" with partial or full exemption from local and US federal income taxes.
St. Thomas Property Taxes Residential Property Tax Rate for St. Thomas from 2018 to 2023YearMunicipal RateFinal Tax Rate20231.468847%1.621847%20221.434802%1.587802%20211.400190%1.553190%3 more rows
(a) The homestead of any family, or the proceeds thereof, shall be exempt from judicial sale for the satisfaction of any liability hereafter contracted or for the satisfaction of any judgment hereafter obtained on such debt.
Individuals who are bona fide residents of the Virgin Islands file Form 1040 with the Virgin Islands and pay tax on their worldwide income to the Virgin Islands.
Transfer taxes in the USVI exist on a sliding scale starting at 2% of the purchase price ranging up to 3.5% for properties sold in excess of $5 million USD.
Land tax is payable on every acre or part of an acre of land in the territory. House tax is payable on the assessed value of every house in the territory. The combined (Land and House) tax, referred to as Property Tax, is charged to every owner who erects, reconstructs, enlarges or repairs any existing building.
In addition to collecting the territory's real property taxes, the Tax Collector's Office also issues property tax clearance letters, enforces real property tax payments, updates all real property tax collection records and manages the auction of properties that are delinquent in the payment of property taxes.
Individuals who are bona fide residents of the Virgin Islands file Form 1040 with the Virgin Islands and pay tax on their worldwide income to the Virgin Islands.