Guernsey property tax may rise for finance offices

A Guernsey politician has asked for businesses in the financial sector to shoulder more of the burden of a suggested rise in property rates.

The Treasury and Resources Department has proposed increase of 20% for domestic properties and 3% for commercial premises in the 2012 budget.

Deputy David de Lisle suggested domestic rates should rise by 3% and finance industry properties by 15.3%.

The States is due to debate the 2012 budget next week.

If approved, the average homeowner would face an increase of £3 to £5, rather than £20 to £25.