(1) The following properties are exempted from the payment of taxes under this Act—
(a) land and house the property of the Crown in right of Saint Lucia which are either used exclusively for public purposes or which although not so used are not in the possession of any person as tenant, lessee or allottee thereof, or under any agreement whatsoever for the purchase thereof;
(b) land and house dedicated and used exclusively for public charitable purposes, or for public worship or for educational purposes under the provisions of the Education Act or any Act amending or substituted for the same;
(c) land and house being the property of a town or village in Saint Lucia, and used exclusively for municipal purposes;
(d) any building, which in the opinion of the Comptroller, can be used only as a temporary shelter during the day time and not as a permanent dwelling;
(e) (deleted by Act 4 of 2011);
(f) a house which, in the special circumstances submitted, the Minister considers should be exempted from the payment of taxes under this Act;
(g) any land or any house which is the property of the University College of the West Indies in Jamaica;
(h) (deleted by Act 14 of 2012);
(i) (deleted by Act 14 of 2012);
(j) (deleted by Act 14 of 2012);
(k) for a period of 3 years, any new commercial property completed after 1 April 2001;
(l) for years 2017, 2018, 2019, 2020 and 2021, residential property. (Inserted by Act 11 of 2017, amended by Act 32 of 2019 and substituted by Act 7 of 2021)
(2) The following persons are entitled to exemptions from taxes provided for in accordance with this subsection—
(a) an owner whose residential property has an assessed market value of less than $200,000.00 is exempted from the payment of taxes.
(b) an owner whose residential property has an assessed market value of $200,000.00 or more is entitled to a waiver of taxes on the first $200,000.00 assessed market value of the residential property. (Amended by Acts 30 of 2001, 5 of 2004 and 39 of 2006, substituted by 14 of 2012 and 10 of 2013)
(3) For the purposes of subsection (2) “owner” means a person holding legal title to the residential property whether singly or jointly. (Inserted by Act 14 of 2012)