![]() REALTOR PUERTO VIEJO ARCHIVEGovernment Taxes and FeesĪlong with property transfer taxes, your notary must pay on your behalf a registration fee (0.5%) and purchase a combination of agrarian, hospital, municipal, Bar Association, National Archive and fiscal stamps called the derechos de traspaso (0.55%). It is important to talk with your lawyer to determine which method is best for you. Though registering the declared value will net you lower property transfer fees in the short run, this practice may have certain risks. It is your right to register the property at either the declared value or the sale price. In Costa Rica, the declared property value is always lower than market value (your purchase price). Transfer taxes (impuestos de traspaso) are determined at 3.1% of the declared property value. Real estate commissions and mortgage fees, if any, are additional. ![]() Closing costs – registration fees, notary and attorney fees, documentary stamps and transfer taxes – will amount to no more than 6% of your total purchase price. For homeowners, this translates into low property taxes and legal fees based on property value. ![]() One of the many advantages to living in Costa Rica is the comparatively low cost of living. What will you do first? Will you visit Sarchi for beautifully handcrafted wood furniture, or dig your toes into the warm sands of the nearest beach? Or will you hike through a nearby cloud or rainforest, searching the treetops and paths for interesting wildlife? Congratulations! Costa Rica's exotic allure, from active volcanoes to palm-lined beaches, is now yours to enjoy. You've done your research, found the perfect home and purchased your dream property. ![]()
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