Property Tax                                                                        

If you own a real estate property, each year, you have to pay real estate property tax. The Tax Department appraises the value of your property (your house and land), deducts $33,707.00 (fixed deductible) from the appraised value, and taxes 0 .4 % (4 pro-mille) from the balance. 

Example:
House appraised by Tax Department at:                $    250,000.00
Deductible:                                                               33,707.00
Total                                                                      216,293.00 

0.4% of total:                                                                           $          865.17 (per year)
 

The property taxes in Gold Coast Villas varies, from the entry level to the most expensive property, between USD. 860.00 to USD. 3,700.00 per year. 

Please see below, an approximation of yearly property tax payable to the Tax Department for each model home. Yearly property taxes indicated below are only approximations. The Tax Department will assess the definite yearly property tax. The Tax Department reviews real estate property tax every 5 years.