Question 1

What are the real estate Stamp Tax rates in the US Virgin Islands?

Accepted Answer

Under Title 33 VIC Section 121, stamp tax on conveyances is graduated: 2% up to $350,000; 2.5% between $350,001 and $1,000,000; 3% between $1,000,001 and $5,000,000; and 3.5% over $5M.

Question 2

Who is legally responsible for paying the Stamp Tax in a real estate sale?

Accepted Answer

Under Virgin Islands law, the seller is primarily responsible for the stamp tax, though buyer and seller may contractually agree to split or reallocate the tax.

Question 3

Is Stamp Tax assessed on the sale price or government assessed value?

Accepted Answer

Stamp tax is calculated on whichever is higher between the actual contract purchase price and the government assessed market value.

Question 4

Are mortgage documents subject to stamp taxes in the USVI?

Accepted Answer

No, unlike some Caribbean jurisdictions, mortgages in the USVI do not incur mortgage stamp tax, only nominal recording fees at the Recorder of Deeds.

Question 5

What documents are required to record a deed at the Office of the Recorder of Deeds?

Accepted Answer

The original notarized deed, stamp tax payment receipt from the BIR, cadastral survey map, and property tax clearance certificate.

USVI Real Estate Stamp Tax Calculator

Recorder of Deeds Stamp Tax

📊 US Virgin Islands Statutory Breakdown Matrix (BIR, DLCA & WAPA)

Engr. Muhammad Shahzad