Imposition of tax

1. Law
2. US Virgin Islands Code
3. Taxation and Finance
4. Miscellaneous Internal Revenue Taxes
5. Normal Taxes and Surtaxes
6. Stamp Taxes
7. Imposition of tax

• (a) A stamp tax at the rate of two percent (2%) for property valued up to $350,000, two and one-half percent (2 ½%) for property valued from $350,001 to $1,000,000, three percent (3%) for property valued from $1,000,001 to $5,000,000, and three and one-half percent (3 ½%) for property valued over $5,000,001 is imposed on the transfer of title to—

  • (1) Real property by instrument of conveyance;

  • (2) Personal property by bill of sale.

• No real property may be valued at less than the assessed value by the Tax Assessor.

• (b) A stamp tax at the rate of $25 is imposed on each certified copy of an order, judgment, decree or other document issued by the District or Superior Court of the Virgin Islands.

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