I've owned a piece of land in the hills of Coson close to Las Terrenas for 20 years. I never had to pay any property taxes for it. My understanding was this is because it is in the country side, far outside any urban development.
Last year I took advantage of the Wealth Disclosure Law. Now for the first time I got a bill for "annual property taxes (IPI)". It's about 0.5% of the land value I gave in the Wealth Disclosure Law.
Is this correct? Can someone explain the law behind it?
Last year I took advantage of the Wealth Disclosure Law. Now for the first time I got a bill for "annual property taxes (IPI)". It's about 0.5% of the land value I gave in the Wealth Disclosure Law.
Is this correct? Can someone explain the law behind it?