reglab/housing_qa huggingface dataset:
V.I. Code tit. 33, § 2301 (2019)
2019 US Virgin Islands Code|Title 33 - Taxation and Finance|Subtitle 2 - Property Taxes|Chapter 81 - General Provisions; Rate of Tax|Subchapter I - Rate of Tax and Exemptions|§ 2301. Imposition and rate of tax

 (a) All real property in the Virgin Islands subject to taxation must be assessed at 100 percent of its fair market value as calculated by using the assessment methods set forth in sections 2403 and 2404 of this chapter; (b) The Tax Assessor shall levy and collect on real property a tax at the mil rates for each classification of real property specified in this subsection as follows: (1) unimproved non-commercial real property, at .004946; (2) residential real property, at .003770; (3) commercial real property, at .007110; and (4) timeshare real property at .014070. (c) As used in this section (1) “Unimproved non-commercial real property” means any real property that is unimproved and is located in any residential or agricultural zoning district as set forth in title 29 Virgin Islands Code, chapter 3. (2) “Residential real property” means any real property on which a residence is located, including apartments, condominiums, cooperatives, but excluding timeshare real property. (3) “Commercial real property” means any real property that has on it improvements designed or intended for income production, or unimproved real property that is located in any business, commercial, gaming, industrial, public, special, or waterfront zoning district, as set forth in title 29 Virgin Islands Code, chapter 3. Commercial real property includes buildings with five or more residential units. (4) “Timeshare real property” means any real property that is owned or leased by several persons jointly and in which the ownership or leasehold interests are for fixed periods of time. (d) The owner of unimproved real property in the Virgin Islands which the owner has acquired by a Class I inheritance, as defined in title 33 Virgin Islands Code, chapter 1, section 1, but not by gift, purchase, survivorship, or otherwise, and the unimproved real property consists of five acres or less, and any part of which is not exempt from the payment of real property taxes under any provision of the Virgin Islands Code, shall receive a tax credit equal to 80% of the real property taxes levied on the real property by the Tax Assessor, until $5,000 or more of improvements are made to the real property. Whenever $5000 of improvements are made, the property must be assessed pursuant to subsection (a). (e) In no event, may the application of exemptions and credits reduce the amount of tax due for any real property to an amount less than $180.
V.I. Code tit. 33, § 2302 (2019)
2019 US Virgin Islands Code|Title 33 - Taxation and Finance|Subtitle 2 - Property Taxes|Chapter 81 - General Provisions; Rate of Tax|Subchapter I - Rate of Tax and Exemptions|§ 2302. Disposition of proceeds of the tax; allocation of tax increment

 (a) The proceeds of this tax and the taxes upon property heretofore levied under any tax law, including all surcharges, shall be covered into the general fund of the treasury of the Virgin Islands. (b) Notwithstanding the provisions of subsection (a) of this section, in addition to any other deposits that may be required by law, there shall be deposited from the proceeds of this tax $3,000,000 in the fiscal year ending September 30, 1986 and $1,500,000 in each fiscal year thereafter into the St. John Capital Improvements Fund created by section 3057 of this title. (c) Notwithstanding the provision of subsection (a) of this section and, after making the deposit required by subsection (b) of this section and any other deposits that may be required by law, the property taxes, if any, arising from the levies upon taxable real property in the United States Virgin Islands consisting of affordable housing units provided pursuant to this act shall be allocated as follows: (1) that portion of taxes levied upon each taxable lot, block, tract or parcel of real property which is developed under and pursuant to the program which is attributable to the “initial assessed value” of each such taxable lot, block, tract or parcel shall be allocated to and when collected shall be deposited by the Lieutenant Governor into the General Fund of the Treasury of the United States Virgin Islands. (2) that portion, if any, of such taxes which is attributable to the increase in the assessed value of each taxable lot, block, tract or parcel of real property which is developed under and pursuant to the program over and above the “initial assessed value” of such property (the “tax increment”) shall be allocated to and when collected shall be deposited by the Lieutenant Governor to the Housing Trust Fund established pursuant to section 3074 of this title and applied as herein provided. The Tax Assessor shall determine, to the best of his ability, the assessed value, as of March 1, 1990, of each lot, block, tract or parcel of real property in the United States Virgin Islands which is developed under and pursuant to the program, and the value so ascertained shall be the “initial assessed value” of each such lot, block, tract or parcel of real property. The Lieutenant Governor shall thereafter be required to determine the tax increment resulting from positive increases in the assessed value of each such lot, tract, block, or parcel over and above the initial assessed value of each such piece of real property in order to ascertain the amount of taxes to be credited to the Housing Trust Fund. The tax increment in each year over and above the taxes attributable to the initial assessed value of such property shall be deposited in the Housing Trust Fund not later than twenty (20) days after the collection thereof by the Lieutenant Governor.
V.I. Code tit. 33, § 2303 (2019)
2019 US Virgin Islands Code|Title 33 - Taxation and Finance|Subtitle 2 - Property Taxes|Chapter 81 - General Provisions; Rate of Tax|Subchapter I - Rate of Tax and Exemptions|§ 2303. Real property subject to tax

 All real property not in this subtitle expressly exempted from taxation shall be assessed and taxed.
V.I. Code tit. 33, § 2304 (2019)
2019 US Virgin Islands Code|Title 33 - Taxation and Finance|Subtitle 2 - Property Taxes|Chapter 81 - General Provisions; Rate of Tax|Subchapter I - Rate of Tax and Exemptions|§ 2304. Real property exempt from tax

 The following property shall be exempt from taxation — (1) property of the United States, unless otherwise provided by the Congress of the United States; (2) property of the government of the United States Virgin Islands; (3) every building used and set apart exclusively for— (A) religious worship; or (B) educational, literary, scientific or charitable purposes — and every tract of land not exceeding five acres, upon which such buildings are situated, if such buildings and grounds are not used or leased with a view to the pecuniary profit of either owner or lessee; (4) all cemeteries, subject to the same condition as in subdivision (3) of this section; and (5) all property to the extent of the homestead exemption provided for in section 2305 of this title. (6) All improvements to real property which are funded with Federal Low Income Housing Tax Credits which are included in an Approved Affordable Housing Development Plan pursuant to title 29 Virgin Islands Code, chapter 16. This exemption shall be applicable only during the Internal Revenue Service compliance period.
V.I. Code tit. 33, § 2305a (2019)
2019 US Virgin Islands Code|Title 33 - Taxation and Finance|Subtitle 2 - Property Taxes|Chapter 81 - General Provisions; Rate of Tax|Subchapter I - Rate of Tax and Exemptions|§ 2305a. Tax credit under certificate of visitability

 A real property tax credit of twenty percent of the taxes levied by the Tax Assessor against real property under a Certificate of Visitability pursuant to section 344 of this title is granted to the eligible property owner for a total of ten years, unless title to the real property is conveyed to another.
V.I. Code tit. 33, § 2305b (2019)
2019 US Virgin Islands Code|Title 33 - Taxation and Finance|Subtitle 2 - Property Taxes|Chapter 81 - General Provisions; Rate of Tax|Subchapter I - Rate of Tax and Exemptions|§ 2305b. Federal real estate impact credit

 (a) The Tax Assessor shall determine the percentage of real property the federal government owns on each island at the time the assessment of residential real property under section 2402(a) is made and shall grant a tax credit in that percentage against the taxes levied on the residential real property of an eligible real property owner. The credit, as determined, for a particular island, must be applied only to property located on that island when requested by an eligible real property owner. (b) As used in subsection (a), “eligible real property owner” means a real property owner who is eligible for a homestead exemption under this chapter and whose real property does not exceed $750,000 in assessed value.
V.I. Code tit. 33, § 2305c (2019)
2019 US Virgin Islands Code|Title 33 - Taxation and Finance|Subtitle 2 - Property Taxes|Chapter 81 - General Provisions; Rate of Tax|Subchapter I - Rate of Tax and Exemptions|§ 2305c. Circuit breaker tax credit

 (a) Upon proper application to the Tax Assessor, an owner of homestead residential real property or unimproved property is entitled to a credit, not to exceed $5,000, equal to the amount by which the real property taxes calculated for the property for the prior year exceed two percent of gross household income, if: (1) The homeowner has been granted a homestead exemption for at least three out of the prior five tax years; or ownership of the unimproved property has been acquired by a Class I inheritance as defined in chapter 1, section 1 of this title; (2) Gross household income for a single property owner does not exceed $75,000, and gross household income for married property owners do not exceed $150,000; (3) The homeowner is current on all real property tax obligations, or current on an existing payment plan for outstanding property taxes; and (4) The homeowner has filed with the Office of the Tax Assessor an affidavit of gross income. (b) The credit applies only for the current tax year as of January 1, with no carryover credit allowed. (c) The amount of this circuit breaker tax is based on the gross building assessed value, or the gross land assessed value, and is phased out using the following schedule:Assessed Value of Real PropertyEligible Percentage of Circuit BreakerUp to $400,00090%$400,001 to $450,00080%$450,001 to $500,00070%$501,000 to $600,00060%$601,000 to $750,00050% (d) As used in this section, the following meanings apply: (A) “Gross household income” means all income from whatever source derived, including but not limited to, business income, salary, wages, tips, capital gains, dividends, interest, rents, pensions and alimony. (B) “Homestead” means a homeowner’s principal residence, which is the place of the owner’s true, fixed, and permanent home to which, whenever absent, the owner intends to return and continues as a principal residence until another principal residence is established. A homeowner shall have only one homestead at a time.
V.I. Code tit. 33, § 2331 (2019)
2019 US Virgin Islands Code|Title 33 - Taxation and Finance|Subtitle 2 - Property Taxes|Chapter 81 - General Provisions; Rate of Tax|Subchapter II - Tax as Lien Upon Property|§ 2331. Unpaid taxes as first lien upon the property

 Taxes levied by the Tax Assessor upon real property shall be a first lien against the real property including any improvements that may be thereon or that may be subsequently placed thereon. The lien shall be prior to all other liens on the property whether they attached before or after this lien. However, the lien on each piece or parcel of real estate shall be only for the taxes due on such piece or parcel of real property and improvements thereon.
V.I. Code tit. 33, § 2332 (2019)
2019 US Virgin Islands Code|Title 33 - Taxation and Finance|Subtitle 2 - Property Taxes|Chapter 81 - General Provisions; Rate of Tax|Subchapter II - Tax as Lien Upon Property|§ 2332. Lien for the payment of tax by another

 When the real property is levied to any person or agent for another, or in a representative capacity, such person, agent, or representative shall have a lien upon that or any other real property of his principal in his possession, for the taxes thereon, until he is indemnified against the payment thereof, or, if he has paid the taxes, until he is reimbursed therefor.
V.I. Code tit. 33, § 2341 (2019)
2019 US Virgin Islands Code|Title 33 - Taxation and Finance|Subtitle 2 - Property Taxes|Chapter 81 - General Provisions; Rate of Tax|Subchapter III - Farmland Exemption|§ 2341. Statement of policy

 The Legislature hereby determines that the preservation of a maximum amount of the limited supply of farmland area is necessary to the viability of the territorial economy. The Legislature further determines that in a rapidly urbanizing society, the public has a definite interest in farmlands as open space and greenbelt areas, and that the preservation in agricultural production of such lands constitutes an important physical, social, cultural, aesthetic, and economic asset to existing and pending urban and metropolitan developments. With these determinations as a base, the Legislature declares that in order to promote and develop the interests and purposes set forth herein, the tax exemption established by this subchapter is a necessary element and is in the public interest.
V.I. Code tit. 33, § 2342 (2019)
2019 US Virgin Islands Code|Title 33 - Taxation and Finance|Subtitle 2 - Property Taxes|Chapter 81 - General Provisions; Rate of Tax|Subchapter III - Farmland Exemption|§ 2342. Farmland exemption

 There shall be an tax credit for the property owner of ninety-five percent (95%) of the real property taxes levied by the Tax Assessor against the total area of real property, including structures and improvements thereon, used actively and solely for agricultural or horticultural purposes, as determined in accordance with the provisions of this subchapter.
V.I. Code tit. 33, § 2343 (2019)
2019 US Virgin Islands Code|Title 33 - Taxation and Finance|Subtitle 2 - Property Taxes|Chapter 81 - General Provisions; Rate of Tax|Subchapter III - Farmland Exemption|§ 2343. Definitions

 (a) Real property shall be deemed to be “used actively and solely for agricultural or horticultural purposes” when devoted in a complete and active manner to the production for sale of plants or animals for purposes of human consumption or to the production of products used in the nutrition of plants or animals produced for purposes of human consumption, including but not limited to forage and sod crops; grains and feed crops; dairy animals and dairy products; poultry and poultry products; livestock including beef, cattle, sheep, swine, goats and including the breeding and grazing of any or all such animals; bees; fruits, nuts, berries and vegetables of any kind or variety; aquatic species including, but not limited to, finfish, mollusks, crustaceans, or other aquatic invertebrates, amphibians, reptiles or aquatic plants; or when devoted or meeting the requirements and qualifications for a forestry and/or soil conservation program under an agreement with an agency of the Federal or Territorial Government. (b) The term “property owner” shall include— (1) individuals and firms, corporations, and any other legal entities or business associations; (2) lessees of real property; (3) trustees, executors, and administrators.
V.I. Code tit. 33, § 2344 (2019)
2019 US Virgin Islands Code|Title 33 - Taxation and Finance|Subtitle 2 - Property Taxes|Chapter 81 - General Provisions; Rate of Tax|Subchapter III - Farmland Exemption|§ 2344. Requirements for real property

 An owner of real property in the Virgin Islands who files timely application shall receive the tax exemption granted by this subchapter on the total area of real property— (1) used actively and solely for agricultural or horticultural purposes; (2) located within an area, established pursuant to the official zoning map for the island involved, on which agricultural or horticultural uses are permitted.
V.I. Code tit. 33, § 2345 (2019)
2019 US Virgin Islands Code|Title 33 - Taxation and Finance|Subtitle 2 - Property Taxes|Chapter 81 - General Provisions; Rate of Tax|Subchapter III - Farmland Exemption|§ 2345. Determination of real property area and real property use

 (a) For the purposes of this subchapter, in determining the total area of real property used actively and solely for agricultural or horticultural purposes there shall be included the area of all real property under structures and improvements, such as barns and sheds, used in direct connection with such purposes; but real property under, and such additional real property as is actually used in connection with, the dwelling including real property used for lawns, flower gardens, shrubs, swimming pools, tennis courts, access roads, and for like purposes related to the use and enjoyment of the dwelling, and any other area of real property not used actively and solely for agricultural or horticultural purposes, shall be excluded in determining such total area. (b) For the purpose of determining whether real property qualifies for the exemption granted under this subchapter because of its use actively and solely for agricultural and horticultural purposes, the tax assessor shall make such determination for each and every tax year for which such exemption is sought and he shall make such determination only after written certification of use by the Commissioner of Agriculture.
V.I. Code tit. 33, § 2346 (2019)
2019 US Virgin Islands Code|Title 33 - Taxation and Finance|Subtitle 2 - Property Taxes|Chapter 81 - General Provisions; Rate of Tax|Subchapter III - Farmland Exemption|§ 2346. Roll-back taxes: Determination; enforcement; effect of condemnation

 (a) When real property in agricultural or horticultural use and subject to the tax exemption granted by this subchapter, is applied to a use other than agricultural or horticultural, it shall be subject to additional taxes, hereinafter referred to as “roll-back taxes”, in an amount equal to the exemption or exemptions granted for the current tax year (the year of change in use) and for such of the two tax years immediately preceding in which real property was granted the tax exemption under this subchapter. If the real property was not granted the tax exemption under this subchapter for the tax year in which the change in use of the real property occurs, then such real property shall be subject to roll-back taxes for such of the two years immediately preceding in which the real property was granted the exemption. (b) The collection, apportionment, and payment over of the roll-back taxes imposed by subsection (a) of this section, the attachment of the real property for such taxes, and the right of an owner to have reviewed any judgment of the tax assessor affecting such roll-back taxes, shall be governed by the procedures, except time limitations, provided for the taxation of omitted property under section 2413 of this subtitle, and provided for review and levy and collection set out in chapters 87 and 89 of this subtitle. Such procedures shall apply to each tax year for which roll-back taxes may be imposed. (c) The taking of real property which has been granted the tax exemption under this subchapter by right of eminent domain will not subject the real property so taken to roll-back taxes.
V.I. Code tit. 33, § 2347 (2019)
2019 US Virgin Islands Code|Title 33 - Taxation and Finance|Subtitle 2 - Property Taxes|Chapter 81 - General Provisions; Rate of Tax|Subchapter III - Farmland Exemption|§ 2347. Change in use; change in ownership; subdivision of part

 (a) If change in use of any real property occurs during the tax year, including the period between October 1, and December 31, the assessor shall deny or nullify the application and shall impose the full tax on the real property. If, notwithstanding such change in use, the exemptions under this subchapter is granted in any tax year, the tax assessor shall, upon the determination of the change in use, enter and impose an additional tax on the real property for the tax years involved in an amount equal to the exemption or exemptions granted. The additional tax imposed under this subsection shall be subject to appeal, and enforcement and collection as provided in this subtitle. (b) Eligibility of real property for the exemption granted by this subchapter shall depend only upon continuation of the use of real property for agricultural or horticultural purposes and compliance with the other requirements of this subchapter, and not upon continuation of the same ownership of the real property. Liability to the roll-back tax shall attach when a change in use of the real property occurs, but not when a change in ownership occurs if the new owner continues the real property in agricultural or horticultural use under the conditions prescribed in this subchapter. (c) Change in use of a part of the real property which has been granted the tax exemption under this subchapter, whether after conveyance or by other action of the owner of such real property, to a use other than agricultural or horticultural, shall subject that part of the real property with respect to which the change in use occurs to liability for the roll-back taxes applicable thereto, but will not impair the right of the remaining real property to the exemption granted by this subchapter, provided that it meets such conditions of this subchapter as may be applicable.
V.I. Code tit. 33, § 2348 (2019)
2019 US Virgin Islands Code|Title 33 - Taxation and Finance|Subtitle 2 - Property Taxes|Chapter 81 - General Provisions; Rate of Tax|Subchapter III - Farmland Exemption|§ 2348. Assessment of land not affected by subchapter

 Nothing in this subchapter may in any manner affect the assessment of real property (whether or not used actively and solely for agricultural or horticultural purposes) under this chapter and chapter 85.
V.I. Code tit. 33, § 2349 (2019)
2019 US Virgin Islands Code|Title 33 - Taxation and Finance|Subtitle 2 - Property Taxes|Chapter 81 - General Provisions; Rate of Tax|Subchapter III - Farmland Exemption|§ 2349. Annual application; form; certificate

 (a) Eligibility of real property for the exemption granted by this subchapter shall be determined for each tax year separately. Applications shall be submitted by the owner to the Lieutenant Governor for referral to the tax assessor on or before October 1, of the tax year for which such exemption is sought. (b) Application for the exemption under this subchapter shall be on a form prescribed by the tax assessor, with the approval of the Lieutenant Governor, and provided for the use of applicants by the assessor. A certification or a sworn statement by the real property owner that the facts set forth in the application are true shall be submitted with the application. A certification shall be considered as if made under oath.
V.I. Code tit. 33, § 2350 (2019)
2019 US Virgin Islands Code|Title 33 - Taxation and Finance|Subtitle 2 - Property Taxes|Chapter 81 - General Provisions; Rate of Tax|Subchapter III - Farmland Exemption|§ 2350. Rules and regulations; penalties

 (a) The assessor shall promulgate, amend or repeal such rules and regulations and prescribe such forms as he shall deem necessary to effectuate the purposes of this subchapter, subject to the approval of the Lieutenant Governor. (b) The pertinent provisions of chapter 77 of Title 14 of this code shall apply to every application, statement, and document and to all information presented to the Lieutenant Governor or to the tax assessor in any application for exemption under the provisions of this subchapter.