We’re starting 2025 with a how-to series that explains what you need to know to make your new life in Puerto Vallarta easier, more organized, and how to save some money along the way. First topic? Let’s talk about paying your property taxes.
Most buyers from the USA and Canada are happy to discover that property taxes in Puerto Vallarta are inexpensive compared to what they pay on their primary residence back home - one of the many reasons buying a vacation property in Mexico is so attractive.
Property taxes are called “predial” in Spanish and, in the state of Jalisco, are calculated at approximately .08% of the assessed value of your property. However, if you pay your Puerto Vallarta property taxes prior to the end of January 2025, you will automatically qualify for a 15% early payment discount. In February, you will save 10%, and payments made in March will save 5%.
People over 60 may even qualify for additional savings of between 50-80%, depending on the assessed value of the property. You will need to show your passport as proof of age. Ask what discounts and restrictions may apply at the time you are making your payment to get the most benefit possible.
An easy option is paying your property taxes online. You will find all the information that you need listed on the tax bill from the previous year, which would have been included in the packet of documents you received at closing from the notary, if you are a new homeowner.
If you prefer to pay in person, you can visit:
· City Hall, Independencia 123 in downtown Puerto Vallarta
· UNIRSE, Grandes Lagos 236 in Fluvial
· City Hall, Mezquital 604 in Los Portales
Bring along your copy of the previous years’ taxes and keep in mind that you cannot pay Puerto Vallarta property taxes using foreign currency or with a check.
Check back with us next week when we’ll provide an easy how-to on paying your annual license plate fee for your vehicle.
Click here for more Puerto Vallarta real estate and lifestyle tips from Tropicasa Realty.