Costa Rica to Spread the Wealth Through Luxury Tax on Homes
Wednesday, November 5th, 2008As if the economy is not creating enough problems for real estate in Costa Rica, the government is now going to tax the over 6000 homes valued at over $200k with a luxury tax to “help eliminate shanty towns”.
They will be doing some similar schemes in the good old U.S.A. in the coming year so you foreigners with homes in Costa Rica can plan on paying more in both locals.
Legislators have approved taxes on luxury homes, and the money will supposedly help to eradicate shantytowns. How much money these taxes will generate is still unknown and the current estimates vary greatly. Houses valued at about $200,000 or more will be the targets of the new tax; however taxes on the land on which they are built are excluded in this scheme.
According to the National Registry there are more than 6,492 properties that are registered with a value of $200,000 or more. This project, which will be valid for 10 years, is considered to be a gesture of solidarity and should bring in enough cash to help build decent housing for the poor, thus allowing them to live with more dignity and sanitation.
Sky Mountain Canopy – Costa Rica provides a way to enjoy nature safely as one glides over tree tops. The specially built metal platform was built to guarantee the safety of those who use the Canopy. The tour takes one over 7,200 feet of trails, four towers, and eight platforms. While using the the canopy, you will enjoy ocean and mountain views.
