Deadline looms for property owners to file for extensions - KUAM.com-KUAM News: On Air. Online. On Demand.

Deadline looms for property owners to file for extensions

Posted: Updated:
 by Ken Quintanilla

Guam - This Friday January 23rd, marks the deadline for property owners to apply for a property tax exemption or tax credits with the Department of Rev & Tax. DRT is completing its revaluation of real property for the entire island that would result in changes in real property taxes. Director John Camacho says there are eight categories for the real property exemptions and tax credits.

"For example, if you're 55 years old and you've been living in Guam for the last five consecutive years and you live in a house and you own the house, and you get an 80% credit so this is the reason why we're trying to get people more to come in and try to get grandfathered on the old value and not be subject to the new values," he explained.

The categories include home exemption, senior citizen tax credit, government used land and permanent disability tax credit. A preliminary roll distribution to each of the mayor's office is set to go out by February 2. For more information contact the Real Property Tax Division at 635-7667 or 1791.
  • NEWS HEADLINESMore>>

  • Senators debate concept of "exceptional term contracts"

    Senators debate concept of "exceptional term contracts"

    Senators opened up their April legislative session with discussion on a bill to provide for "exceptional term contracts." Sponsor Senator Tom Ada explains that for certain projects, would-be developers are seeking longer lease terms. An example is the GuaMore >>
    Senators opened up their April legislative session with discussion on a bill to provide for "exceptional term contracts." Sponsor Senator Tom Ada explains that for certain projects, would-be developers are seeking longer lease terms. An example is the GuaMore >>
  • Ron Molano Taitano sentenced for smuggling drugs back into prison

    Ron Molano Taitano sentenced for smuggling drugs back into prison

    A man who tried to hide drugs in his slipper so that he could smuggle it into the prison is sentenced in District Court today. Ron Molano Taitano will serve 18 months to run consecutive with his 2012 case. As reported, he released from DOC custody last yeMore >>
    A man who tried to hide drugs in his slipper so that he could smuggle it into the prison is sentenced in District Court today. Ron Molano Taitano will serve 18 months to run consecutive with his 2012 case. As reported, he released from DOC custody last yeMore >>
  • GW teacher wins award for excellence

    GW teacher wins award for excellence

    An island teacher has been recognized for inspiring her students. Darlene Respicio Eay Quichocho, a drama and English teacher at George Washington High School wins the first Jane Wha-Young Kim scholarship award for teaching excellence. The $10,000 award rMore >>
    An island teacher has been recognized for inspiring her students. Darlene Respicio Eay Quichocho, a drama and English teacher at George Washington High School wins the first Jane Wha-Young Kim scholarship award for teaching excellence. The $10,000 award rMore >>
Powered by Frankly