From Land Tax year 2019 -2020, there has been a change to the tax rates. They are as follows:

Improved Land (for Residential purposes)

• 0.0% of land valued up to $150,000
• 0.1% on the excess of the improved value greater than $150,000 but not exceeding $450,000
• 0.7% on the excess of the improved value greater than $450,000 but not exceeding $850,000
• 1.0% on the excess of the improved value greater than $850,000

Please note that tax on improved land is calculated on the improved value of the land

Improved Land (for Non-Residential purposes)

• 0.95% on the improved value of each parecel of land on which there is a building other than a residence

Vacant Land

• 0.8% of the site value of land where the gross area of the lot is not greater than 4,000 sq ft or 371.6 M²
• 1.0% on all other vacant lands

Please note that tax on vacant land is calculated on the site value of the land.

Source: Barbados Revenue Authority Website