Real property values being assessed after 20+ years - KUAM.com-KUAM News: On Air. Online. On Demand.

Real property values being assessed after 20+ years

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by Ken Quintanilla

Guam - As part of efforts to update property values for Guam after more than 20 years, the Department of Revenue & Taxation this week is sending out the 2014 Real Property Tax Preliminary Assessment Tax Roll to all village mayors' offices. Cornerstone Valuation Guam was contracted to perform the mass revaluation and reappraisal of all real property.

In 2013, the tax receivables were at assessed at $22.5 million but with the revaluation, collections are anticipated to increase to about over $28 million. In the next few days, local property owners can expect a letter that provides information on their properties, the new values and information on the appeals process. The tax roll is available at DRT is published on guamtax.com.

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