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WHAT TAXES AND OTHER FEES DO I NEED TO PAY?

WHAT TAXES AND OTHER FEES DO I NEED TO PAY?

This part isn’t as thoroughly regulated in Mexico as in other countries, and depends mostly on the value of your real estate property. Here the fees that will occur:

Fee for your real estate agent which is variable
Fee for the notary and the lawyer, also variable, but taxed at 16% VAT
Acquisition Tax, between 0,2 and 4,5%
Registration Fee, between 0,02 and 1,8%
Title insurance at about 0,5%
Property tax, called Predial, paid annually. Calculated as a percentage of the assessed value determined at the time of sale. Currently at 0,25%.