Properties in Costa Rica
Properties in Costa Rica
Properties in Costa Rica
Casa Arrecife (“Reef House”) is located right on the ocean at Playa Langosta, one of Tamarindo’s most desirable and high-end residential areas. The property sits above sea level with stunning ocean and sunset views all year round from the open-concept kitchen – dining and living space, pool BBQ area, and master bedroom. Less than 5% of beachfront properties in all of Costa Rica enjoy this unique privilege, a private titled (fee simple) property.
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Property owners must pay Property Tax (Impuestos Bienes Inmuebles) and garbage collection fee (recolección basura) to the Municipal Government where the property is located.
Amount: The property tax is 0.25% of the registered value of the property, which is either the purchase price paid or the value assigned by the Tax Office.
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Prepare to be blown away by this stunning large beachfront property in Guanacaste, Costa Rica. Playa Blanca, as the Spanish name describes, is a unique white sand beach just north of Junquillal on the Pacific coast located in a secluded bay. The land is above sea level making for beautiful and unobstructed views.
Evidence of Costa Rica´s solid Democracy
Last Sunday, February 2nd, 2020 local government elections were held in Costa Rica. Such local administrative units are known as Municipalities. The mayor of a total of eighty-two Municipalities as well as other political positions within them was elected by direct voting of citizens living in each territorial subdivision known as ¨Cantones¨.
This was the fifth election process since a legal reform launched in 1998 which granted more responsibility and direct control over territorial, political, and administrative matters to local governments. The process was a success.
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Due: March 31stof each year.
Property owners must pay Property Tax (Impuestos Bienes Inmuebles) and garbage collection fee (recolección basura) to the Municipal Government where the property is located.
Amount: The property tax is 0.25% of the registered value of the property, which is either the purchase price paid or the value assigned by the Tax Office.
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This nice garden lot in a gated community is located at Punta San Francisco or Punta Madera as the locals call it. It makes the division between Playa Tamarindo and Playa Langosta. At Punta San Francisco or the so-called “The Point”, all the 62 lots are within a gated beachfront community with upscaled residential homes and villas up to US$2.9 Mio right on the beach. The lot has trees and is just a few steps away from the two beautiful beaches, both are famous for surfing.
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Due: January 15 of each year.
The Luxury Tax (Solidarity Tax for the Strengthening of Housing Programs) only applies to houses, condos, or apartments over a certain construction value (133,148,400.00 colones for 2020, approx. US $237,765K – this amount is adjusted each year).
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Like in other global markets, Costa Rica also has its share of annual taxes. This article will be discussing the annual taxes due for anyone who is an owner of real estate or has a Costa Rican corporation. Not all taxes are applicable to everyone. We will discuss each type below.
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We wish all our clients, colleagues and friends a wonderful Christmas and a prosperous New Year! Have a look at our new website: abccostarica.com
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