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Costa Rica Property Taxes – Luxury home tax bill This topic contains 1 reply, has 10 voices, and was last updated by Scott oliver 11 years, 11 months ago . Viewing 15 posts – 1 through 15 (of 40 total)

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Luxury Home Tax Costa Rica update. This tax, created by Ley N 8683, has to be paid before the 15th of January every year. The Luxury home tax law or Impuesto Solidario, was invented and approved by the Laura Chinchilla government in October 2009 to eradicate the slums on Costa Rica and they decided the rich should pay for that.

The luxury home tax is collected by the Finance Ministry and is separate from property taxes that all Costa Rica homeowners must pay. The tax is based on a sliding scale and applies to homes valued at $218,000 and higher.

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Costa Rican lawmakers recently passed legislation that will levy a new property tax on houses valued at more than 100 million colons, or approximately $180,800 at today’s exchange rate. Dubbed "the luxury home tax," the proceeds are to be used specifically toward the fight to eliminate shanty.

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The Luxury Home Tax can be paid at any Banco de Costa Rica. Road tax, or Marchamo Every year, after the second half of November and before the 31st of December, you have to pay the road taxes or marchamo – also known as a vehicle circulation permit – for every motor vehicle you own.