In 2015, my wife and I sold our modest Florida home where we had lived for over a decade and bought a 2 BR/ 2 BA condo in a gated community in the Riviera Maya. Since our former home and our new condo were similar in terms of value, I originally expected the property taxes to be similar as well — about $1,600 USD a year.
I know that doesn’t sound like a lot of money to many of the readers — especially those living in California where property values are insanely high — but like I said, it was a modest house.
The Riviera Maya is a popular tourist destination and property values are often higher than many other parts of the country. Nevertheless, our property taxes for 2018 only came to $2,832 pesos or about $153 USD.
That amount reflects the discount that we received for paying it early.
Let’s Wrap This Up
When I told a friend of mine back home how much our property taxes were, he jokingly asked if we lived in a tent in the middle of a vacant field. He then commented that his cell phone bill was more than that every month.
I think that Americans in particular have trouble accepting that you can spend less money and still improve your quality of life. Most of us were raised hearing the old adage ‘you get what you pay for’ and as a result, we tend to determine quality based on price.
Admittedly, I used to hold the same belief before we moved to Mexico; however, after experiencing the opposite to be true time and time again down here, I have since changed my tune.