Decoding Property Taxes for Homeowners in Mexico

In Mexico, property taxes, known as “Impuesto Predial,” are essential for local infrastructure and services. These taxes are calculated based on the cadastral value, usually lower than the market value, and are paid annually. Discounts are available for early payments, while late payments incur penalties. Understanding these taxes, including exemptions and reassessment policies, is crucial for homeowners, especially foreigners who may also need a bank trust (Fideicomiso) for properties in restricted zones.

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The source of the article is from the blog krama.net