What is the property tax rate in the Dominican Republic?

Property taxes in the Dominican Republic are low. You will pay a 3% transfer tax upon the purchase of the property. A 1% annual tax is assessed on real estate property owned by individuals. (This is based on the value of the property as appraised by the government authorities). Generally properties are valued based on the assessed value which is normally lower than the market value. Furniture and equipment found in the property are excluded from the valuation.

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