Rate changes log
Every time a rate changes, usually with the national budget, we record it here with the date it took effect.
| Effective | Tools | What changed |
|---|---|---|
| 1 July 2026 | NIB contributions, Take-home pay | NIB's insurable wage ceiling rose from $810 to $830 a week ($3,510 to $3,597 a month). Contribution rates are unchanged. (source) |
| 1 July 2026 | Real property tax | New real property tax class for non-Bahamian owner-occupied homes (0.625%, capped at $200,000). Owner-occupied homes no longer need a minimum number of days' residence for the $300,000 exemption or the $150,000 cap. The five-year exemption for first-time homeowners now covers homes up to $600,000 (was $500,000). (source) |
| 1 July 2026 | Closing costs | First-time Bahamian homebuyers now pay the 4% VAT rate on homes up to $600,000 (was $500,000). Homes up to $300,000 stay zero-rated. (source) |