hat are property taxes in Nicaragua?

As a property owner in Nicaragua you are responsible for paying the 1% yearly property tax. This tax is based upon the assessed value of the land. Taxes are due by March 31st and apply to the previous years taxes. If improvements are made upon the land the property must be reassessed

At closing the buyer usually pays 2% in taxes, depending on the contract they reach with the seller. These taxes are also based on the appraised value and include the following:

1% Transfer Tax

1% Municipal Tax

plus $300 dollar Registry Fee

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