Taxes in Mexico
The seller pays almost no taxes for the sale if it is their permanent home and can demonstrate that with utility bills in their name and identification listing the property as their domicile.
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Taxes & Insurance
Like everywhere else in the world, taxes are inevitable. Insurance on the other hand is optional, but highly recommended. We at Investment Properties Mexico will handle all of your Mexico real estate tax and insurance needs to provide you with the right choices for your particular situation.
How are the Buyers Taxes Distributed?
With Mexico real estate, two percent (2%) is the government’s transfer tax.
What about Annual Property Taxes?
Annual property taxes are a real bargain in Mexico.
Role of The Notario
Notarios approve wills, contracts, articles of incorporation, take depositions and approve the transfer of real property.
How Much are the Notarios fees?
Notarios in Mexico typically become wealthy people by charging 1% of the value for each transaction.
Insurance
According to Mexican Law, only companies that are licensed in Mexico can provide civil liability coverage.
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