Without approval, all taxes are based on the assessed value of the real estate.
Transfer Tax – If a property you want to purchase has a value of US$100,000.00, for example, you would have to pay a single payment of 3% of the property value (US$3,000) upon the transfer of title.
Property Tax – This tax is an annual payment of 1% of the property value over and above RD$ 7,438,197.00, which is about $148,000 USD. For example a property valued at US$200,000 would pay an annual tax of $520 USD.
Income Tax – This tax is an annual payment of 20% of Rental Income Earned from renting out the real estate investment.