New land values for Jamaica

The revaluation of Jamaican lands by the Survey Department of he National Land Agency (NLA) should be made available to the real estate industry and others a new benchmark for estimating property value in September 2013.  The new valuation will apply to all parcels of land, but will exclude the buildings and other structures constructed on the property.

The updated version will provide new values for unimproved land, that is, property with no construction, commercial, or agricultural activity. The last survey was done in 2003.

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