What Americans & Canadians Must Know About Property Tax in Mexico (It Will Surprise You)
WHAT AMERICANS & CANADIANS MUST KNOW ABOUT PROPERTY TAX IN MEXICO (IT WILL SURPRISE YOU) Property Tax in Mexico: The Most Overlooked Benefit of Buying Real Estate in the Riviera Maya When North American buyers think about purchasing a second home or retiring abroad, their attention naturally goes to the property itself—the price per square foot, the amenities, the location. But here’s what seasoned investors know: What truly protects your lifestyle long-term isn’t what you buy. It’s what it costs to keep. Let’s talk about property tax, or as it’s known here in Mexico, Impuesto Predial. What Is Predial? Predial is the annual property tax payable to the local municipality (e.g., Playa del Carmen , Tulum , Puerto Morelos ). It’s a legal obligation, but unlike in the U.S. and Canada, it’s not a financial burden—it’s a financial advantage. In Mexico, property taxes are not based on market value, but on the cadastral (assessed) value set by th...
Comments
Post a Comment