Expats' Corner

Expats' Corner July 26, 2024 | 6:39 pm

How is my property value determined for taxes?

As a property owner in the Dominican Republic, you are subject to property taxes or Impuesto Patrimonio Inmobiliario (IPI) if the property is valued at or more than RD$9,860,649—around US$166,000 at today's exchange rate. The current tax rate is 1% of the property's value exceeding US$166,000. So, if you have a property valued at US$236,000, your annual property tax would be US$700 (which is ... Read more

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