Friday, May 24, 2013

How much are the property taxes in Mexico?

Property taxes in Mexico are called predial and are paid annually.  The earliest in the year the better in order to receive a discount and to avoid penalties.  The property taxes in Mexico are extremely low for example  122 sq.m. condo located in Bucerias, Nayarit will have property taxes equivalent to $60 cad.

Property taxes represents .06% of the assessed value for private residences.  The assessed value is determined at the time of the sale.

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