The Tax Agency (DGII) announced an increase of 3% in the assessment value of a dwelling before it pays real estate tax.
The increase is more than 3% compared to last year. For a dwelling to fall into the non-taxed low-cost category, it must be valued at less than RD$5,025,380.75, says the Tax Agency.
The update is in Resolution No. DDG-AR1-2024-00001, which allows for an increase of RD$173,169.55 per housing unit, since last year’s economic ceiling for low-cost housing was RD$4,852,211.20.
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El Dia
16 January 2024