January in Mexico offers more than just amazing weather and margaritas. It is also a great time to pay property taxes and to receive a twenty percent discount.
Mexican property taxes are known as predial, and like most other county’s and municipality’s, these taxes are used to operate local governments. Similar to the north of the US-Mexican border, there is a discount for paying the entire tax early; here we pay by the end of February to be eligible for a fifteen percent discount, and ten percent in March, five percent in April. With this being said, it is sometimes easier to say than to do. Taxes are much less than in other parts of the world – for example, the property taxes on Casa Escondida are under $3,000 USD per year.
In Los Cabos property tax statements are not sent out in the mail; nor are they available electronically. One must go to the local city hall (OFICINA CATASTRAL). Property tax files are recorded by number, not name, although one should check the records to make certain the correct name is associated with the property. You can find your property tax ID number (CLAVE CATASTRAL in your Fedeicomiso (property deed as a foreigner) or escritura (Mexican national deed).
In Los Cabos property tax statements are not sent out in the mail; nor are they available electronically. One must go If you own a property and need help paying taxes, please contact your property manager or ask one of our Los Cabos Agency agents to direct you to someone who can help.
Or CLICK HERE to visit the Los Cabos City Hall Treasury website where you can find more information about payments and inquiries. (The above Government links can be temperamental. If you find trouble opening them, you may have to use a different internet browser).
Should you have any questions or require assistance about this or any other real estate-related matter please don’t hesitate to contact me.