According to Article 81 of Law 6 of 2005, as amended by Law 34 of November 9, 2005, improvements whose construction permit was issued on or after September 1, 2006 are exempted from paying property tax, based on the following table:
Improvements for residential use
Value of improvements (USD)
Exemption years
Up to 100,000.00
15
Over 100,000.00 to 250,000.00
10
Over 250,000.00
5
Other Improvements:
Value of improvements (USD)
Exemption years
Any value
10
With the law 28 of 2012, improvements whose construction permit was issued on or after January 1, 2012, are exempt the payment of land tax from the date of registration of the improvements or occupancy permit based on the following table:
Improvements for residential use
Value of improvements (USD)
Exemption years
Up to 120,000.00
20
Over 120,000.00 to 300,000.00
10
Over 300,000.00
5
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