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Taxes, taxes,darn taxes

Hello everyone. Could someone who has a house in Chia or any place strato 5 o 6 tell me which are the annual taxes? My sister has a house in strato 4 and she said she almost had to sell the house to be able to pay the taxes..!! Is she exaggerating? We would probably buy something in the $250,000,000 -$300,000,000 COP range, sort of 150,000 USD. Would appreciate someone letting me about annual taxes on property.

Many thanks,

Ines

By IMorcombe on Jun 7, 2005, 12:08 in Friendly Talkzone.

juanalejo says on Jun 7, 2005, 14:53:

Taxes I live in Bogota, so I am not sure about Chia, but I pay 0.7% of my property value in tax a year. Hardly what I would call selling the property to pay the taxes.

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TioJoe says on Jun 7, 2005, 15:12:

Strato 4 Ciudad Salitre Wife was talking to her parents so I had her ask -- less than 1 per cent of total value seems to be correct here as well -- We are also having a home built in the same area for CP $320.000.000 - taxes were estimated, but who really knows, at near CP $2.500.000.

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Tinto (Moderator) (Trustee board) says on Jun 7, 2005, 15:18:

JuanAlejo, As a rule of thumb, do you think the assessed values are fairly close to market values (do they update assessed values every couple of years)?

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juanalejo says on Jun 7, 2005, 15:22:

Tinto no, they fall behind The prices fall behind market value, it is updated every year but not even with the slow economy they were able to come back on to real terms. They are trying to do a better job at IDU, now keeping up to date, but the prices have gone up so fast in the last two years that they will not catch up for the time being.

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poco says on Jun 7, 2005, 17:06:

Garage ??? I heard they were thinking of an "extra" tax if the residence has a garage? Cali, Valle Cauca or BS.

"When you men get home and face an anti-war protester, look him in the eyes and shake his hand. Then, wink at his girlfriend, because she knows she's dating a pussy." Quote - General Tommy Franks

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