| Agricultural | $6.75 |
| Commercial | $8.10 |
| Commercial Residential | $5.05 |
| Conservation | $6.75 |
| Homestead | $3.05 |
| Hotel/Resort | $10.85 |
| Industrial | $8.10 |
| Residential | $6.05 |
| Residential Investor | $9.40 |
| Vacation Rental | $9.85 |
* Tax rate is per/$1000 of net assessed value.
| 1/20 | Second-half year bills mailed. |
| 2/20 | Second-half year payments due. |
| 3/31 | Assessment roll to County Council. |
| 6/20 | Tax rate set by County Council. |
| 6/30 | End of tax year. |
| 7/1 | Beginning of tax year. |
| 7/1 | Deadline for filing dedication petitions. |
| 7/20 | First-half year bills mailed. |
| 8/20 | First-half year payments due. |
| 9/30 | Deadline for filing exemption claims. |
| 10/1 | Assessed values set for next year. |
| 12/1 | Assessment notices mailed. |
| 12/31 | Deadline for assessment appeals. |
Home Exemption
The law allows just one (1) home exemption; if a husband and wife live apart and own separate homes, each shall be entitled to one-half (1/2) of one exemption for a maximum period of 2 years.
In order to qualify for a home exemption, you must own and occupy the property as your principal residence with the intent to reside on the island 271 days in a calendar year.
The home exemption is deducted from the assessed value and the homeowner is taxed on the balance. Current home exemptions: $160,000 (<60 yrs old); $180,000 (60 - 70 yrs old); and $200,000 (>70 years old).