Frequently Asked Questions - Costs and Taxes

What are all the closing costs?
What will the property taxes be?
What are the annual fees?

q01Q:   What are all the closing costs?

A:   You should expect to pay a 10% land transfer tax to the Government of Belize for transferring parcel ownership from us to you, standard escrow and recording fees. Do keep in mind there are no capital gains taxes.

q02Q:   What will the property taxes be and to whom shall I pay the taxes?

A:   Property taxes should be approximately 1% of the purchase price of your parcel. For example, on a US$50,000 parcel, your property taxes should be approximately US$500 per year. A cashier's check made payable to the "Government of Belize" in the amount per your tax bill should sent via registered mail to:

Department of Lands and Surveys
Ministry of Natural Resources and the Environment
Market Square
Belmopan, Belize, C.A.

If you have additional questions or if you have not received a tax bill, you may wish to call or fax the Department of Lands and Surveys at:

Phone: 011-501-822-2598, or
Phone: 011-501-822-0736, or
Fax: 011-501-822-0592

Please be sure to reference your parcel number, as well as the following information:

District:   Corozal
Location:   Cerros Sands (Block #)

q03Q:   What are the annual fees?

A:   Fees are currently a US$500 per year.