In Mexico, every year, property owners have to make their Annual Property Tax Payments, which are called Impuesto Predial. To make this process easier and more rewarding, some municipalities offer big discounts if you pay early—up until February 29th. Other areas extend these discounts until March 31st.
The money collected from these Annual Property Tax Payments goes towards important public services like:
- Keeping the roads in good shape
- Trash collection
- Public safety
Property taxes in Mexico are based on the assessed value of your property. The local government figures out this value by looking at things like:
- The size of your property
- Where it’s located
- The type of property
Generally, the higher the assessed value, the higher your Tax Payment will be.
| If you need any assistance or have questions about the process, please don’t hesitate to reach out to us. We’re here to help! |
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| Best regards, Bojorquez Paperworks. |