Nicaragua-Realty.com

Property ownership in Nicaragua coincides with certain responsibilities. Your property in paradise will need to be maintained and your fiscal obligations will need to be looked after.

Taxes:

1. Property taxes are lower in Nicaragua than most other countries.
2. Taxes must be paid annually. Property taxes should be paid at the beginning of each calendar year. The Nicaraguan property tax system allows you to pay the taxes in two installments. 50% prior to the end of March and 50% prior to end of August.
3. If the entire taxes due are paid prior to the end of March, you may ask for a 10% tax discount.
4. Should you fail to pay your taxes on time, expect a very heavy fine. You may pay several times the amount of the taxes due. The reason for this is: You are paying a penalty on the penalty that is unpaid.
5. Most absentee property owners have someone look after the tax payment on their behalf. Please contact us if you require this service. In most cases, the 10% discount will pay for the service.

Property Maintenance:

1. If you own any property other than a house, you will likely need to have the vegetation cut twice per year. Remember this are the tropics and especially during the rainy season grass and weeds grow at an incredible rate.
2. If you purchased a home, you will likely have to employ a caretaker.

Please let us know if you have specific questions or require property management services.