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The Bermuda Department of Statistics, subject to the Bermuda Statistics Act of 2002 as further amended, [1] reports to the head of Cabinet Office. It was created mainly for the collection, compilation, analysis and publication of statistical information and so facilitate the development of a statistical system for Bermuda which is also a component of the regional statistical systems of CARICOM ...
Bermuda has nine "Parishes", originally called "Tribes". Each of the nine parishes with the exception of St. George's covers the same land area of 597 hectares.The Parishes are not administrative divisions, and have no relationship with Bermuda's electoral districts.
Real estate appraisal, property valuation or land valuation is the process of assessing the value of real property (usually market value). Real estate transactions often require appraisals because every property has unique characteristics.
The tax amount is based on an annual rental value (ARV) of the property and has 6 bands or tiers. In the lowest band which is up to an ARV of $11,000, the land tax is 0.8%. For the highest band, of ARV over $120,000, the land tax is 47%. [7] Revenue from land tax in 2021/22 was $78.8 million.
The word tax assessment is used in different ways, but often refers to a tax liability owed by a taxpayer. In the case of property, a tax assessment is an evaluation or an estimate of value that is typically performed by a tax assessor. The assessment leads to an "assessed value," which is a base number used in the calculation of the property tax.
A land parcel or cadastral parcel is defined as "a continuous area, or more appropriately volume, that is identified by a unique set of homogeneous property rights". [ 3 ] Cadastral surveys document the boundaries of land ownership, by the production of documents, diagrams, sketches, plans ( plats in the US), charts, and maps.
The closest land outside the territory is in the American state of North Carolina, about 1,035 km (643 mi) to the west-northwest. Bermuda is an archipelago consisting of 181 islands, although the most significant islands are connected by bridges and appear to form one landmass. It has a land area of 54 square kilometres (21 sq mi).
Bermuda (officially, The Bermuda Islands or The Somers Isles) is an overseas territory of the United Kingdom in the North Atlantic Ocean.Located off the east coast of the United States, it is situated around 1,770 km (1,100 mi) northeast of Miami, Florida, and 1,350 km (840 mi) south of Halifax, Nova Scotia, west of Portugal, northwest of Brazil, 1,759 km (1,093 mi) north of Havana, Cuba and ...