The past few days we’ve been playing tour guide for a friend of ours visiting from Florida. We’ve been taking him to all of our favorite beaches, beach bars and restaurants. Of course we threw in a couple of excursions as well, including a trip to the Mayan ruins in Tulum.
Yesterday he woke up and asked me what we had on the agenda for day. I told him we had an exciting excursion planned to — wait for it — city hall to pay our 2021 property taxes.
Cue the sad trombone music…wah, wah, wah, wahhhhhhhh.
It’s certainly not the most exciting thing to do but the thrifty retiree in me wanted to get it done to ensure I received the 25% discount for early payment. That’s right, you can actually save money on your property taxes in Mexico by paying them early.
Discounts are generally set by the municipality where the property is located. In the municipality of Tulum, which includes Akumal where we live, offers up to 25% for early payment and that percentage is reduced as we move closer to the property tax due date of March 31st.
Spanish tip of the day: property taxes are called predial
Folks who have an INAPAM card — that’s the one for seniors 60 and over — can get a 50% discount on their property taxes; however, there’s a catch. The property cannot exceed $345,000 MXN (about $17,250 USD) in value.
Let’s Wrap This Up
Property taxes are relatively inexpensive in Mexico when compared to those in many parts of the United States. For example, we live in a 2 BR, 2BA condo located inside a gated resort community and our property taxes this year, with the discount, were under $200 USD.
After we finished paying the taxes, which took about 40 minutes, we took our friend to Akumal Bay to enjoy the gorgeous weather and absence of seaweed. Here’s a pic that Linda took when we arrived:
Well that’s it for today. Hasta Luego.