Woooosh
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Rosarito Beach - The Tax man cometh...
http://rosaritoenlanoticia.blogspot.com/2010/03/proyecta-adm...
I found this interesting:
"From 2009 we proposed and we did in 2010, implementing a single rate of 1.59 per thousand for the construction and properties with vacant lots"
80% of the 25,000 vacant lots in Rosarito are owned by Americans and "others" whoever they are...
[Edited on 3-21-2010 by Woooosh]
\"The only thing necessary for the triumph of evil is for good men to do nothing\"
1961- JFK to Canadian parliament (Edmund Burke)
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Bajahowodd
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Those numbers are an eye opener. It would be nice if the local authorities had the ability and the gumption to seize the lots for which no taxes were
paid. After all, the likelihood is that most of the lots owned by foreigners were purchased using ephemeral equity. Don't kn ow if you or I will be
around when the majority of those folks have the jack to build.
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Woooosh
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| Quote: | Originally posted by Bajahowodd
Those numbers are an eye opener. It would be nice if the local authorities had the ability and the gumption to seize the lots for which no taxes were
paid. After all, the likelihood is that most of the lots owned by foreigners were purchased using ephemeral equity. Don't kn ow if you or I will be
around when the majority of those folks have the jack to build. |
Had lunch with my Rosarito real estate guy yesterday. People are bailing out at a 50% loss- if they are lucky enough to find a buyer at all.
There is a system in Mexico which allows for people to scoop-up vacant land when the taxes have not been paid- by paying the back taxes and
transferring the title. Not sure how many years it has to be in arrears. Not sure if it being held in a bank trust changes how that works. I would
presume most of these vacant properties are in a bank trust because of the coastal ownership restrictions on Americans.
[Edited on 3-21-2010 by Woooosh]
\"The only thing necessary for the triumph of evil is for good men to do nothing\"
1961- JFK to Canadian parliament (Edmund Burke)
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Russ
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Mulege is so desperate to get their taxes they have some how gotten Immigration and the banks to require an up to date tax receipt to do any business.
My taxes since '08 more than doubled on the vacant piece I have. They are suppose to have some revised numbers for me next week. I think they need
some money though because their offices don't have a roof.
Bahia Concepcion where life starts...given a chance!
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Woooosh
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| Quote: | Originally posted by Russ
Mulege is so desperate to get their taxes they have some how gotten Immigration and the banks to require an up to date tax receipt to do any business.
My taxes since '08 more than doubled on the vacant piece I have. They are suppose to have some revised numbers for me next week. I think they need
some money though because their offices don't have a roof. |
I should think the financial needs is the same in every tourist and expat-dependent location. They need the money to replace the lost tourist sales
and hotel taxes. But biting the only hand that still feeds you is an interesting approach.
How does Rosarito's new (2009) 1.59% per mil sales tax compare to others? (California is locked at 1% as a comparison) What is the rate for Mexican
owned properties?
An aside: I was told once the reason many Mexican houses leave the roof rebar rods untrimmed is so the building is not considered complete and
therefor not taxable as such. true?
\"The only thing necessary for the triumph of evil is for good men to do nothing\"
1961- JFK to Canadian parliament (Edmund Burke)
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CaboRon
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| Quote: | Originally posted by Woooosh
| Quote: | Originally posted by Russ
Mulege is so desperate to get their taxes they have some how gotten Immigration and the banks to require an up to date tax receipt to do any business.
My taxes since '08 more than doubled on the vacant piece I have. They are suppose to have some revised numbers for me next week. I think they need
some money though because their offices don't have a roof. |
I should think the financial needs is the same in every tourist and expat-dependent location. They need the money to replace the lost tourist sales
and hotel taxes. But biting the only hand that still feeds you is an interesting approach.
How does Rosarito's new (2009) 1.59% per mil sales tax compare to others? (California is locked at 1% as a comparison) What is the rate for Mexican
owned properties?
An aside: I was told once the reason many Mexican houses leave the roof rebar rods untrimmed is so the building is not considered complete and
therefor not taxable as such. true? |
Not True .... it is an old wives tale 
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tehag
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Old wives tale?
Do you have a source? That tale has been around for a very long time and is repeated by people who should know.
Certainty is the child of ignorance, knowledge is the mother of doubt. Question everything!
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Gaucho
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What is the rate for Mexican owned properties?
They go by where the property is located, not who holds title. We hold title in an escritura but I would bet 90% of our little enclave holds title in
a fideicomiso. When the tax man commeth to raise our taxes we'll be paying more just like all the others.
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Woooosh
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| Quote: | Originally posted by Gaucho
What is the rate for Mexican owned properties?
They go by where the property is located, not who holds title. We hold title in an escritura but I would bet 90% of our little enclave holds title in
a fideicomiso. When the tax man commeth to raise our taxes we'll be paying more just like all the others. |
I read the article to say they were specifically taxing American-owned properties differently at the higher rate. At least in Rosarito anyway.
\"The only thing necessary for the triumph of evil is for good men to do nothing\"
1961- JFK to Canadian parliament (Edmund Burke)
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Dave
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| Quote: | Originally posted by Woooosh
I read the article to say they were specifically taxing American-owned properties differently at the higher rate. At least in Rosarito anyway.
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Doubt that. What I do believe is they are valuing the properties higher. Coupled with the fact that most gringos aren't aware that there are
discounts for early payments makes for higher effective rates.
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Gaucho
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| Quote: | Originally posted by Woooosh
| Quote: | Originally posted by Gaucho
What is the rate for Mexican owned properties?
They go by where the property is located, not who holds title. We hold title in an escritura but I would bet 90% of our little enclave holds title in
a fideicomiso. When the tax man commeth to raise our taxes we'll be paying more just like all the others. |
I read the article to say they were specifically taxing American-owned properties differently at the higher rate. At least in Rosarito anyway.
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I spoke to my rep at the Settlement Co. in San Jose and she said alot of the American owned communities are being affected by this up tick in rates
but she insists it's based purely on geography and not demographics. I wonder how this is affecting Mr. Torres (if at all)?
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arrowhead
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I don't think they are bailing because of the property taxes. 1.59 per 1,000 works out to a tax rate of 0.159% of assessed value. California's basic
property tax rate is 1.2% of assessed value...7.5 times higher. Of, course the services you get for that 1.2% are probably more than 7.5 times what
you get in Mexico.
No soy por ni contra apatía.
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Woooosh
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| Quote: | Originally posted by arrowhead
I don't think they are bailing because of the property taxes. 1.59 per 1,000 works out to a tax rate of 0.159% of assessed value. California's basic
property tax rate is 1.2% of assessed value...7.5 times higher. Of, course the services you get for that 1.2% are probably more than 7.5 times what
you get in Mexico. |
Question: The article was talking dollars I thought. So isn't 1.59% still 1.59%? (Before any early payment discounts which are indeed substantial)
\"The only thing necessary for the triumph of evil is for good men to do nothing\"
1961- JFK to Canadian parliament (Edmund Burke)
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k-rico
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For the bill I paid in TJ in January 2010,
(impuesto predial / valor fiscal * 100) = 0.291
January 2009 it was 0.270
the valor fiscal is the same for both years so the rate increased 0.021 or 7.8% from 2009 to 2010.
Think I got that right.
[Edited on 3-22-2010 by k-rico]
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