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Property Taxes? Annual Property Taxes Starting November 30, 1995, the law states that the administration and collection functions for property taxes to the Local Governments (Municipalidades) where the property is located. Under the new law, it will be these entities’ responsibility to conduct property appraisals and collect the corresponding property tax. The property tax is established on an annual basis and may be paid annually, by semester or by quarter depending on the procedures established by each Local Government. For the next five years, the property tax payment will be 60% of the appraised value of the property. Starting on year six, the municipality may set its own rate not to exceed 1%. Return To FAQ's  HOME | Green Inclusive Sustainable Communities | Realtors | Contact Us

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