Welcome tax will be calculated as follows:
Taxation Base | Taxation Rate |
$0 – $50,000 | 0.5% |
$50,000 – $250,000 | 1% |
$250,000 – $500,000 | 1.5% |
Over $500,000 | 2% |
After you have signed the deed of sale at the notary’s office, the municipality will send you an invoice shortly after you have moved into your new home. We are glad to have you, come again!
Example Sales price: $ 300,000
0.005 x $ 50,000 = $ 250
0.01 x $ 200,000 = $ 2,000
0.015 x $ 50,000 = $ 750
Transfer tax $ 3,000