Bermuda attracts many visitors and non Bermudians who have an interest in owning a home on the island. With a land mass of approximately 21 square miles, and a population of 65,000, Bermuda real estate is very precious. To safeguard Bermuda’s limited acreage, the Bermuda Government has established policy relating to and restricting property purchases.
All property in Bermuda (except vacant land) is designated with an Annual Rental Value (A.R.V.). The A.R.V. designation is used to determine land tax and does not necessarily reflect sales or rental market values. Additionally, the Government also uses A.R.V. values as a basis for determining which properties may be sold to non-Bermudians. Each property A.R.V. may be viewed on the Government website www.landvaluation.bm.
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