real estate tax
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Property taxes are very low in Mexico as a whole. The property tax – known as predial – is approximately .2% of the assessed value of the land your house is built on. Taxes are paid annually, with the assessed value determined by the zoning department of the city you live in. If you purchase a property of $100,000.00 US dollars, and if the zoning department appraised the land at $25,000 US dollars your annual tax rate could be as low as $50.00US dollars. The reason taxes are so low is due to the fact that they have never been a source of revenue for the Mexican government. |
