Another Reason to Buy Real Estate in Cabo San Lucas...
A common question my clients ask me is "How much are real estate taxes in Cabo San Lucas?". The answer is that real estate taxes for a $300,000 house typically is no more than $300/year. The government here doesn't tax real estate the same way they do in the US or Canada. I know real estate taxes for you back home can be as high as 1-3% of the property value each year. For a million dollar home that can translate into $10,000-$30,000/year. That same million dollar home in Cabo you can expect to pay no more than around $1000/year. These savings in real estate taxes are yet another reason why people are buying here in Cabo San Lucas. Don't forget the over 300 days of sunshine and beautiful beaches. It's no wonder why so many people are buying their second homes and retiring here every year more and more. Contact me with any additional questions in regards to this or any other Cabo real estate topics.