Greetings all,
I am researching hard to see if a vacation rental / eventual residence in Sosua or Cabarete area would be a
good investment for me. I was reading about property taxes. The price range I am looking at is $USD200,000 -
250,000. It is my understanding that property taxes are only levied for the excess amounts over DOP$ 6.5 M
(USD 150,000). However, I also understand these amounts are based on "cadastral" value which is often much less. Can anyone confirm or correct this for me or share any personal experiences? Thanks.
I am researching hard to see if a vacation rental / eventual residence in Sosua or Cabarete area would be a
good investment for me. I was reading about property taxes. The price range I am looking at is $USD200,000 -
250,000. It is my understanding that property taxes are only levied for the excess amounts over DOP$ 6.5 M
(USD 150,000). However, I also understand these amounts are based on "cadastral" value which is often much less. Can anyone confirm or correct this for me or share any personal experiences? Thanks.