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What are the taxes for own a property in Mexico?
The "Predial"Property taxes in Mexico, the "Predial", are almost insignificant when compared to Real Estate taxes in other countries. The yearly tax on property in Mexico comes to about 0.1% of the total value of the property, although the actual amount varies by state. Therefore, a $150,000 USD home would have an annual property tax of about $150!
Although they tend to be extremely reasonable compared to other countries, be sure to check on monthly maintenance fees charged by your condominium complex for upkeep.
Although they tend to be extremely reasonable compared to other countries, be sure to check on monthly maintenance fees charged by your condominium complex for upkeep.

