What are the property taxes in Nicaragua and when are they due?
Annual Nicaragua property taxes are 1% of the assessed value of the property. In many planned developments, values are assessed annually on a per meter basis. Therefore,your land is worth the assessed square meter value for your specific planned development multiplied by the number of square meters you own. Land outside of planned developments is also assessed annually. In most cases the assessed property value for tax purposes is lower than the purchase price of your property. Your property taxes are due by March 31st and are payable in the municipality in which your property is located.
