Friday, September 19, 2014

Property Tax in Costa Rica

Property taxes in Costa Rica are low in comparison to most other jurisdictions.

Property tax in Costa Rica is 0.25% of the registered value of the property.
There is an additional luxury property tax in Costa Rica.

Luxury home tax
. This tax is only levied on a homes value and according to the following sliding scale. 


Home value Tax
Less than ₡117.000.000 ($234,000) Exempt
₡117.000.000 - ₡291.000.000 ($234,000 - $582,000) 0.25%
₡291.000.000,00 - ₡584.000.000 ($582,000 - $1,168,000) 0.30%
₡584.000.000,00 - ₡875.000.000 ($1,168,000 - $1,750,000) 0.35%
₡875.000.000,00 - ₡1.167.000.000 ($1,750,000 - $2,334,000) 0.40%
₡1.167.000.000,00 - ₡1.458.000.000 ($2,334,000 - $2,916,000) 0.45%
₡1.458.000.000,00 - ₡1.752.000.000 ($2,916,000 - $3,504,000) 0.50%
Over ₡1.752.000.000 ($3,504,000) 0.55%

Not all homes in Costa Rica are subject to the luxury property tax and this should be checked with your lawyer as part of the due diligence process

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