HOUSE_OVERSIGHT_018828.jpg
1.81 MB
Extraction Summary
0
People
6
Organizations
5
Locations
6
Events
0
Relationships
1
Quotes
Document Information
Type:
Real estate market analysis report
File Size:
1.81 MB
Summary
This document is a real estate market analysis for the U.S. Virgin Islands, focusing on St. Thomas and St. Croix for the period of 2006-2014. It details a recovery in the housing market starting in 2012 and provides a thorough explanation of a complex property tax issue involving a multi-year federal injunction that was resolved by 2015. While the document itself does not mention Jeffrey Epstein, the 'HOUSE_OVERSIGHT' Bates stamp suggests it was collected as part of a congressional investigation, possibly related to his assets in the territory.
Organizations (6)
| Name | Type | Context |
|---|---|---|
| Multiple Listing Service (MLS) |
Provided statistical data on real estate sales in the US Virgin Islands.
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| St. Thomas-St. Croix MLS |
The specific MLS entity for the islands, source of the sales data and chart.
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| IGY American Yacht Harbor Marina |
Mentioned in the footer of the document.
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| irr |
A logo in the footer, likely the firm that produced the report (Integra Realty Resources).
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| HOUSE_OVERSIGHT |
Part of the Bates stamp (document identifier), indicating it is from the records of the U.S. House Oversight Committee.
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| Virgin Islands Government |
The local government that was prevented from collecting property tax due to a federal injunction, losing US$25 millio...
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Timeline (6 events)
2006
A property tax reassessment was conducted in the US Virgin Islands, and the tax rate was changed.
US Virgin Islands
2012-2014
The US Virgin Islands real estate market experienced a recovery, with home sales increasing annually since 2012 and sales volume growing 54% in 2014.
US Virgin Islands
August 2014
The 2013 tax bills were released with new assessed values and amended tax rates.
US Virgin Islands
August 2015
The 2015 tax bill was released, bringing the Virgin Islands current with its property taxes.
US Virgin Islands
December 2013
Tax bills for the years 2006 through 2012 were issued based on old 1999 assessed values and tax rates.
US Virgin Islands
c. 2009-2013
A federal court injunction blocked the collection of property taxes based on the 2006 reassessment, lasting for at least four years.
US Virgin Islands
US federal court
Virgin Islands Government
Locations (5)
| Location | Context |
|---|---|
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The primary subject of the real estate market and taxation analysis.
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One of the islands included in the MLS sales data analysis.
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One of the islands included in the MLS sales data analysis.
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Its recovering housing market is noted as having a positive impact on the US Virgin Islands market.
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Mentioned in the footer, located in the US Virgin Islands.
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Key Quotes (1)
"fee simple"Source
HOUSE_OVERSIGHT_018828.jpg
Quote #1
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