Hundreds appealing property tax charges - KUAM.com-KUAM News: On Air. Online. On Demand.

Hundreds appealing property tax charges

Posted: Updated:

Earlier this week, the second installment for real property taxes were due. And while over $14 million has already been collected, there are hundreds of other property owners who are appealing the changes in property taxes following an islandwide revaluation. Department of Revenue & Taxation director John Camacho said, "This real property for Tax Year 2014 is very different because this year we actually did a revaluation and we sent out the notices basically we had to work with the legislature to extend the due date for the first installment and second installment."

Camacho says after nearly two decades, the department had finally completed its efforts to update Guam's property values. A few months ago, tens of thousands of real property tax statements were sent in the mail informing property owners of the new values - most of which reflected changes. Hundreds of people however are contesting the new property values. "So being it's a revaluation year we also anticipated we would be getting a lot of appeals from the property owners in which we roughly have 700 to 800 appeals to the board of equalization," he said.

Camacho says the appeals represent both residential and commercial property owners, with some appeals filed in groups. The board of equalization held an informal meeting with Rev & Tax this past week to address the appeals along with Cornerstone Valuation Guam, who was hired to conduct the revaluation. "It hasn't been done for 20 years and some of these appeals coming in are basically questioning the methodology and also the increase, why the increase," he said.

Camacho says the goal is to resolve the appeals before the end of the summer as Rev & Tax will begin issuing a preliminary notice for the property tax for 2015. "Basically we need to get that out one of the reasons why we want to address all these appeals in a timely fashion to try to actually resolve them so then in September, once we resolve these disputed values, we would try to get a clear value going out on September 1, so that's our goal," he said.

And while the second installment for real property taxes was due on May 20, Camacho still encourages those who haven't made payment to still do so as there are penalties and redemption interest that will be applied. Otherwise, they will be included in a real property tax delinquent list set to be published on June 8.

  • NEWS HEADLINESMore>>

  • Find awesome deals on the Shop Guam app

    Find awesome deals on the Shop Guam app

    It's the biggest shopping event in the Western Pacific, and it's back just in time for your holiday shopping needs. Take advantage of the over 300 offers and discounts during the Guam Visitors Bureau 6th Annual Shop Guam e-Festival. The campaign kicked off earlier this month and runs through February 2018. Download the Shop Guam mobile app, available on both iOS and Android Devices, for more information.More >>
    It's the biggest shopping event in the Western Pacific, and it's back just in time for your holiday shopping needs. Take advantage of the over 300 offers and discounts during the Guam Visitors Bureau 6th Annual Shop Guam e-Festival. The campaign kicked off earlier this month and runs through February 2018. Download the Shop Guam mobile app, available on both iOS and Android Devices, for more information.More >>
  • GFD back up to 8 operable ambulances

    GFD back up to 8 operable ambulances

    They respond to thousands of calls a year. With that being said, mechanical failures will happen from time to time, but the Guam Fire Department is back up to 8 ambulances serving the island daily. According to Fire Chief Joey San Nicolas, currently there are 2 that are serving as back up and 3 that are still undergoing repairs. "There's a rare occurrence that multiple units go down at the same time mostly for the same reasons- which is really air con units in the patient compar...More >>
    They respond to thousands of calls a year. With that being said, mechanical failures will happen from time to time, but the Guam Fire Department is back up to 8 ambulances serving the island daily. According to Fire Chief Joey San Nicolas, currently there are 2 that are serving as back up and 3 that are still undergoing repairs. "There's a rare occurrence that multiple units go down at the same time mostly for the same reasons- which is really air con units in the patient compar...More >>
  • Government wants full payment from Ray Charles Tedtaotao Camacho

    Government wants full payment from Ray Charles Tedtaotao Camacho

    It's a $750 wedding ring, but its significance and meaning, priceless. While Ray Charles Tedtaotao Camacho is serving life behind bars, the government argues he's not being held fully accountable for his crimes. Five years ago, Camacho kidnapped and raped Monique Baza after she made a quick run to the bakery for bread. Though it's a minimal amount for the ring that was never recovered, defense has motioned to waive restitution.  The government, in its response this week, argued ...More >>
    It's a $750 wedding ring, but its significance and meaning, priceless. While Ray Charles Tedtaotao Camacho is serving life behind bars, the government argues he's not being held fully accountable for his crimes. Five years ago, Camacho kidnapped and raped Monique Baza after she made a quick run to the bakery for bread. Though it's a minimal amount for the ring that was never recovered, defense has motioned to waive restitution.  The government, in its response this week, argued ...More >>
Powered by Frankly