By Belize Live News Staff: The Belize government has announced that mortgages under 100 thousand dollars will soon be exempt from Stamp Duty, providing significant relief to homeowners. This policy, aimed at making homeownership more accessible, extends an exemption that was initially granted to public officers three years ago under the Briceno Administration.
At the time, the exemption for public officers was part of the government’s broader cost-saving measures to manage a struggling economy. With the economic situation stabilizing, the exemption is now being expanded to benefit a larger segment of Belizeans, particularly small homeowners.
This move is expected to drive further growth in the housing market by lowering the costs associated with property ownership. It also aligns with the government’s efforts to enhance financial inclusion and create economic opportunities for Belizean citizens.
The Briceno Administration’s continued focus on economic empowerment, particularly for middle and lower-income families, marks a key moment in the country’s efforts to foster a more inclusive and resilient economy.
