Real estate luxury taxes in Costa Rica

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  • #186391

    Did anyone else notice that the new tax system for Costa Rica is called “SAP.” How appropriate for an American company to name a tax collection system “SAP.” I am thinking may the concept of a “sap”* doesn’t translate in to Spanish?

    Thanks,
    Tom in Portland

    *fool: a person who lacks good judgment

    #186392
    Alfred
    Member

    Here’s a little tidbit from our local newspaper yesterday. Our county is raising the county portion of our property taxes here a whopping 40% this year. While this is a small part of our total property taxes, school tax being the largest, they are going to whack homeowners with an average of $280 per year more. The increase alone is more than many pay in Costa Rica for total annual property tax.
    So, I wouldn’t complain about the luxury tax on homes in CR. In the US, it is becoming a luxury just to live here. Can’t wait to see next year’s school tax hike. Once they start, they can’t seem to stop.

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