Costa Rica: Real estate tax, exemption amount for 2020

The tax administration issued guidance that sets the amount of the exemption from the real estate tax for 2020.

Resolution N ° RES-DGH-ONT-001-2020 (14 February 2020) provides that for the tax year 2020, certain properties of individual taxpayers having a value not exceeding ¢ 20,259,000 (approximately U.S. $34,900) will be exempt from the real estate tax. Properties that exceed this threshold amount will be subject to the real estate tax. Accordingly, the real estate tax will be assessed against the excess of the property’s value exceeding the threshold of ¢ 20,259,000.

Read a February 2020 report (Spanish and English) [PDF 54 KB] prepared by the KPMG member firm in Costa Rica

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