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Unlike some countries where property tax is handled by mortgage companies or banks, in Mexico, foreigners are directly responsible for property tax at the beginning of each year. There’s no mailed bill, so mark your calendar to remember this obligation.
Feb 12, 2024 · Everyone who owns real estate in Mexico, whether it’s a house, condo, or a piece of land, owes property taxes to their state government, aka the “impuesto predial.” These taxes are paid annually, during the first quarter of each year.
Mexican property taxes are known as predial, and like most places these taxes are used to operate local governments. As north of the US-Mexican border, there is a discount for paying the entire tax early; here we pay by the end of February to be eligible for a ten percent discount.
In Mexico, you are responsible for paying Predial property tax at the beginning of each year. Property taxes are relatively low, especially when compared to most other countries. It is based on the catastral value of the property (which is typically lower than the property’s resale value).
Predial taxes are like a yearly fee that property owners in Mexico must pay to their local government. This money helps pay for services like street cleaning and public lighting. If you own property in Mexico, you need to know about this tax.
Sep 29, 2021 · Predial. Property taxes in Mexico are meager. Tax is calculated at a fraction of the properties’ worth an other factors as the size, location, etc. Predial is due every January. How to pay predial. Banderas Bay is located along with Jalisco and Nayarit territories. Keep that in mind.
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Also known as the predial, this annual tax is always due in January, and the amount of tax you will pay will depend on both the size and location of your property. One of the most interesting things about this tax is that if you pay it in advance (in December) the government will give you a 25% discount.
