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Thank you great presentation ( English )
I appreciate your comment and thank you for your support.
Is 1% the standard property tax for the DR?The land only cost 70K-97K?
Yes, 1% of the price. However, as of 2024, if the property costs less than $170,000 USD, you do not have to pay the 1% property tax.
@@propertiesbymasters Really?!? So, buying a condo at 80K means that I don't pay any property taxes at all ever?When buying a condo in the DR, are you also buying the land?
@roundtwo3321 that's correct. There are no taxes at $80k. When you buy a condo you don't own the land.
Thank you great presentation ( English )
I appreciate your comment and thank you for your support.
Is 1% the standard property tax for the DR?
The land only cost 70K-97K?
Yes, 1% of the price. However, as of 2024, if the property costs less than $170,000 USD, you do not have to pay the 1% property tax.
@@propertiesbymasters Really?!? So, buying a condo at 80K means that I don't pay any property taxes at all ever?
When buying a condo in the DR, are you also buying the land?
@roundtwo3321 that's correct. There are no taxes at $80k. When you buy a condo you don't own the land.