Property Tax Assessments – There is an interesting article in amcostarica about maritime zone property tax assessments being made by Aguirre. Not mentioned in the article is the amount of the assessments being made either by inspection by the canton or when an individual goes in for the five year value declaration. If the property is on the beach side of the road the valuation is made at 50,000 Colones per square meter, 30,000 for the mountain side of the road. A meter is 3.2 feet. The tax rate is either 4% of that amount for residential property and 5% for commercial.
Speaking of property tax assessments. Karen and I just went through the five year declaration. Relatively painless. Carlos, the individual we dealt with at the municipalidad, was very helpful. Everything is computerized but Carlos had to access, adjust information on, and then print six separate forms. The assessment rate,