Ma­jor­i­ty state-owned First Cit­i­zens Bank yes­ter­day is­sued a no­tice to its cus­tomers ad­vis­ing how to pay prop­er­ty tax on­line.

In a post on so­cial me­dia yes­ter­day, the bank said cus­tomers can pay their prop­er­ty tax via the First Cit­i­zens On­line Bank­ing and Mo­bile App.

To ac­cess this pay­ment op­tion, cus­tomers are re­quired to:

1. Add “In­land Rev­enue Di­vi­sion –Prop­er­ty Tax” as a stan­dard pay­ee, then fol­low the usu­al process to make a pay­ment;

2.For every prop­er­ty a pay­ee must be added;

3. Cus­tomers should have on hand their prop­er­ty PIN num­ber and me­dia num­ber, as pro­vid­ed by the Min­istry of Fi­nance, No­tice of As­sess­ment Bill;

4. The prop­er­ty PIN num­ber should be in-putted in the pay­ee ac­count num­ber field.

Var­i­ous sec­tors had com­plained bit­ter­ly about the pay­ment not be­ing made on­line, es­pe­cial­ly with the in­creas­ing num­ber of rob­beries tak­ing place in the coun­try.

On Wednes­day, Fi­nance Min­is­ter Colm Im­bert had an­nounced that the fa­cil­i­ty for on­line pay­ments for prop­er­ty tax would take ef­fect yes­ter­day, start­ing with First Cit­i­zens Bank, which went live to pro­vide an elec­tron­ic bank­ing fa­cil­i­ty to al­low prop­er­ty own­ers to pay their prop­er­ty tax on­line in the same way they cur­rent­ly pay their util­i­ty bills.

The oth­er com­mer­cial banks will fol­low with their e-bank­ing plat­forms short­ly, and short­ly, pay­ment of tax­es on­line by cred­it card will be fa­cil­i­tat­ed.

Im­bert not­ed that by us­ing state-of-the-art dig­i­tal so­lu­tions and di­ver­si­fy­ing in­vest­ment chan­nels, T&T is unique­ly po­si­tioned to in­crease the in­no­va­tion and re­silience of its cap­i­tal mar­ket.

Gov­ern­ment has pushed back the dead­line for prop­er­ty tax pay­ments to No­vem­ber 29, 2024.

Im­bert had al­so as­sured that those peo­ple who have not yet re­ceived up­dat­ed prop­er­ty tax as­sess­ments would not be sub­ject to any penal­ties.

Gov­ern­ment owns 60.11 per cent of First Cit­i­zens, through a com­pa­ny called First Cit­i­zens Hold­ings Ltd. The bank’s sec­ond largest share­hold­er is the Na­tion­al In­sur­ance Board of T&T with 8.07 per cent.