Of Belize's total tax revenues, only about 1% comes from property taxes.

The bulk (close to 75%) of Belize's total tax revenues come from the GST and import duties, both highly regressive forms of taxation that hit the poor and low-income folks much harder than those better off.

Belize property taxes are very low, but I guess the thought has always been that many Belizeans couldn't afford to pay higher property taxes. Possibly a "homestead exemption" system would be an idea.

--Lan Sluder

Lan Sluder/Belize First
http://www.belizefirst.com