Real Estate taxes
I have a friend who is contemplating buying a condo here in Zihuatanejo.
I remember some threads about paying yearly taxes or trust fees.
Do you have to be here physically to do that?
If so, when is the time of year they are typically due?
Thanks.
Real Estate taxes
by Talley Ho 
, Playa la Ropa, Friday, February 18, 2022, 11:00 (1727 days ago) @ EugeneSF
edited by Talley Ho, Friday, February 18, 2022, 13:35
You do not have to physically be here for the trust payment, but property taxes (Predial) are paid in person unless you have a Mexican credit card. Many people pay someone to handle it for them. Trust payments are due on the anniversary of when the property closes. Property taxes may be paid from December 20 on. The earlier you pay the larger the discount.
Real Estate taxes
by midalake , Friday, February 18, 2022, 19:58 (1727 days ago) @ EugeneSF
I have a friend who is contemplating buying a condo here in Zihuatanejo.
I remember some threads about paying yearly taxes or trust fees.
Do you have to be here physically to do that?
If so, when is the time of year they are typically due?
Thanks.
Your property tax is due before Jan. 31 to receive the discount.
Your fiduciary is due for first payment on the 3rd year of ownership whenever you signed the deed. [You pay for the first two years upfront]
Buena suerte con Scotiabank
by Casa Juan , Friday, February 18, 2022, 20:47 (1727 days ago) @ midalake
If you should be cursed with having Scotiabank as Trustee for your fideicomiso expect continual delays, errors in accounting, indifference, and just plain incompetence, I am told that Intercam Bank is now doing trust transactions for foreigners and they would be a good option to start with when buying property in the zone of exclusion.
Buena suerte con Scotiabank
by Zihuateco , Friday, February 18, 2022, 23:53 (1726 days ago) @ Casa Juan
A minor inconvenience to having a Home in paradise.
Luther Vandross, a house is But a home
Buena suerte con Scotiabank
by frostbite , Hamilton MT, Saturday, February 19, 2022, 06:14 (1726 days ago) @ Casa Juan
Scotia stopped sending us a bill for the trust and then, a few years later, sent us one with a hefty late fee.
Buena suerte con Scotiabank
by Casa Juan , Saturday, February 19, 2022, 07:47 (1726 days ago) @ frostbite
hope you told them where to send the late fee? I have heard Intercam is now also handling trusts, maybe a better choice but I suspect one has to have Scotia say that you are current with them before you can transfer the trust?
