Property
Bahamas — Property: Property Taxes
Property taxes in the Bahamas are required by law and are administered by the Department of Inland Revenue for both residential and commercial properties, with some exemptions. Specific details such as the percentage of property value subject to tax and how often taxes are due are not explicitly stated in the Nassau Agreement, which governs the relationship between the Bahamas and the UK.
VerifiedGovernment / official sourceREAL PROPERTY TAX - Department of Inland RevenueLast reviewed: 2026-09-08
Key facts
- Property taxes in the Bahamas are required by law and are administered by the Department of Inland Revenue for both residential and commercial properties, with some exemptions.
- No specific legislation for property taxes has been passed, and the Bahamian government plans to introduce one in the future.
- The percentage of property value subject to tax is not explicitly stated, and the frequency of tax due is also unclear.
Costs
- Property Tax: Not explicitly stated in the sources provided.
Timelines
- Property Tax Payment: Not explicitly stated in the sources provided.
Required documents
- Property deed
- Survey report
- Proof of ownership
Common mistakes
- Believing the Bahamas has a transparent property tax system
- Assuming property taxes are included in purchase price