Property Taxes in Los Cabos Are Lower Than You Think (And Easier to Pay!)
It’s no secret that Los Cabos is home to some of the most spectacular real estate on earth, from sprawling hacienda style properties overlooking the ocean to gorgeous beachfront condos and breathtaking hilltop luxury villas.
Discerning travelers and those interested in the secondary home market also know that cape cities Cabo San Lucas and San José del Cabo are destinations on the rise, thanks to a thriving culinary scene driven by celebrated chefs, and upscale amenities like pampering spas and championship-level golf courses.
But what’s not so well-known are the Los Cabos area’s property tax rates, and how well they stack up against those in the U.S.
Differences in Property Tax Rates Between the U.S. and México
Not only are magnificent ocean view homes more readily available, and at much lower average list prices than those of its North American neighbors, but Los Cabos also offers superb value in terms of annual property taxes.
Los Cabos property taxes, known in Spanish as the predial, are assessed annually at only 0.1% of the value of the property at the time of its purchase. That’s well below the rate for all 50 U.S. states. Hawaii, for example, is the U.S. state with the lowest annual property tax rate at 0.27%. Colorado, California and Texas occupy the proverbial middle ground at 0.57%, 0.79% and 1.86%, respectively; while Illinois and New Jersey, at 2.32% and 2.40%, have the highest annual U.S. property tax rates.
Los Cabos is also a value when compared to Canada, easily besting the property tax rates of cities like Vancouver (0.25%) and Toronto (0.64%).
Annual Taxes based on the above for a $500,000 usd home:
- Colorado @ 0.57% = $2,850 usd
- California @ 0.79% = $3,950 usd
- Texas @ 1.86% = $9,300 usd
- Hawaii @ 0.27% = $1,350 usd
- Illinois @ 2.32% = $11,600 usd
- New Jersey @ 2.40% = $12,000 usd
- Vancouver @0.25% = $1,250 usd
- Toronto @ 0.64% = $3,200 usd
- Los Cabos @ 0.1% = $500 usd
How to Accrue Additional Savings on Your Los Cabos Property Taxes
In addition to the built-in savings on property taxes vs. U.S. rates, home owners in Los Cabos are also eligible for additional savings simply by paying their taxes in a timely fashion.
(Photo Credit to CaboCribs)
The annual deadline for property taxes in Los Cabos is March 31, however, the Los Cabos Municipal Council offers discounted rates to those who pay early. Discounts are awarded on a sliding scale: 20% off the predial for payment in January; 15% in February; and 10% in March.
For those considering Los Cabos as a retirement destination, senior citizens over 60 years of age who are also permanent residents qualify for property tax discounts of up to 50% off the standard predial. These savings are available through México’s INAPAM program, which issues a card to enrolled seniors entitling them to discounts on a wide variety of goods and services.
How to Pay Your Los Cabos Property Taxes
No need to stress the payment process, either. It’s completely modernized and conveniently easy. Home owners are able to pay the predial online at http://www.eloscabos.gob.mx/. The only prerequisites are your clave catastral (a 17-digit tax ID number) and a valid credit card.
The Big Picture
Los Cabos continues to take steps to reward home owners who pay their property taxes on time and in full, as well as to streamline the process for maximum ease and convenience. Consider these attractions in tandem with the stunningly beautiful locale, and lifestyle factors like abundant upscale amenities and a lower cost of living, and it’s no wonder that the Los Cabos real estate market has never been hotter than it is right now.
For more information about Los Cabos real estate, please call us Toll Free today at (855)877-2226 to find out more about buying a dream home in Los Cabos or contact us here, thanks!
When finding your dream home in Los Cabos, Mexico, it’s good to know, what to expect when moving to paradise. It’s a vibrant place attracting people from all over the world. Throughout the year, there are events, celebrations, and occasions catering both to visitors and locals alike. The weather never really goes too bad, however, certain times of the year are better for particular activities. Windermere Los Cabos has prepared for you this summary of the month to month highlights of living in Los Cabos.
January is high season in Los Cabos. With gentle warm weather (on average 66°F) it attracts tourists and holidaymakers. It is the perfect time to head out whale watching as the season runs from December to April. The mild temperatures also make it a good time to go and explore the outdoors and head inland. A noteworthy national celebration in January is the Dia de Los Reyes Magos (January 6) during which you might find Rosca de Reyes traditional pastries being baked. This day signifies the day the Three Wise Men gave gifts to Jesus Christ.
The shortest month of the year might be dull and forgettable elsewhere, but it’s as glorious as any other in Los Cabos. For nature lovers, whale watching goes on at full speed. Art lovers can witness Todos Santos Open Studios, which is an annual event going strong for nine years already. Visitors are welcomed to visit artists in their studios and witness the creative process first hand. If you’re up for a challenge, Los Cabos Half Marathon cannot be missed. During February, the weather isn’t very much different than in January. Mild temperatures averaging 68°F allow you to enjoy everything Cabo has on offer.
Many festivities and celebrations take place in Los Cabos during March – you just have to take a pick. Days are getting longer and the weather – warmer. The second week of March is when the festival of San Jose del Cabo takes place. During this time, parades and festivities honour St. Joseph, the patron saint of San Jose del Cabo. Expect music and carnivals, great food and a good time. On March 21 it’s also a national celebration and commemoration of the country’s first president Benito Juarez.
April is the last chance before December to go whale watching as the season runs only until April 15. April is the last month of the so-called high season, and you can expect to see a lot of party crowds during Spring Break.
While you might expect to see a lot of Cinco de Mayo celebrations, that’s not exactly the case in Los Cabos. Many emphasize that Cinco de Mayo in terms of celebration means more to Americans than to locals in Los Cabos. May is a good time to be in Cabo as it is between two high season periods. You can expect fewer crowds and great discounts on a lot of things. Those into surfing will enjoy the Surf Summit taking place mid-May. Even though Cabo doesn’t get a lot of rainfall altogether, on average May is one of the driest months and the temperature averages around 79°F.
June is the last month to enjoy fairly milder warm temperatures before the hot weather hits. It’s important to remember sunscreen wherever you go as June is pretty much cloud-free. The surfing conditions are good during June and it’s a good time to hit the waters. Los Cabos Open of Surf takes place mid-June. Not only can you witness top surfing athletes, but there’s also concerts and other events.
A month of warmest waters and generally great weather. A good time to hit the waves both in the Sea of Cortez and the Pacific Ocean. The tourism season is not at its peak due to hot temperatures and slightly increased chances of rain. However, Los Cabos, in general, gets very little rain so the talk of the rainy season is slightly exaggerated.
August is among the hottest months in Los Cabos with temperatures ranging from 88°F up to 99°F degrees. During this time you’ll see fewer tourists and it’s not the best time for outdoor activities like heading inland as the temperatures are just too high. Many family attractions and activities are closed during the more quiet months so a day at the beach is the best option for families since the water temperatures are the warmest and nicest. Los Cabos Open men’s tennis tournament happens in August and there are a few fishing tournaments happening too.
Mexican Independence Day takes place on September 15 and even though September is more of a quiet month in Los Cabos, you can expect great festivities on this day. While both air and water temperatures remain high, September is excellent for being near the sea. It can be especially appealing to those, who like fishing since there’s a great variety of marlin in the waters during the month of September. If you feel especially passionate about nature, you can join a conservation group helping rescue sea turtles as many of them nest near beach resorts. The dates usually vary between September and October.
Before the peak tourist season picks up around December, October and November is the best time to enjoy much kinder temperatures than in the summer months. There are plenty of fishing tournaments happening in October, such as the worldwide recognized Bisbee’s Black and Blue Tournaments, which have been taking place in Los Cabos for over 30 years. It’s also a good time to go snorkeling as whale sharks arrive at the area. On October 18 the Fiesta de Cabo San Lucas takes place celebrating the patron saint of Cabo San Lucas and you can expect to see a parade.
November is the last month before the peak season takes off. A good time to head into the water to fish or snorkel. Mid-November is when the humpback whale season takes off and if you’re lucky, you can spot one of these majestic beauties. The temperatures are getting to a more tolerable level and the humidity also drops. The beginning of November marks Día de Los Muertos or the Day of the Dead which commemorates deceased family members and friends. Expect to find the traditional “Pan de Muerto” in bakeries and supermarkets all over town.
Last month of the year is the buzzing start to the peak tourism season in Los Cabos. The temperatures have gone back down to a nice and relatively mild level, which makes December perfect for outdoor exploration. The whale watching season also takes off mid-December and lasts until mid-April. There are a few Catholic celebrations happening during December but the majority of festive events happen around Christmas time and especially the New Year’s.
Real estate remains to be one of the most influential investments in many parts of the world. One such part is Los Cabos, where you can always find a property to suit your needs. Owning properties in this part of Mexico is a dream for many people looking to invest in destination living in a pleasant climate. There is also a big market for luxury real estate in the area. However, if you are not well prepared, making this dream come true can be difficult.
The wisest thing to do is to hire the services of an expert in the real industry to protect your interests and assist you with the process of buying in this popular luxury tourist destination. Below are ten questions we suggest you ask your real estate agent when buying a property in Los Cabos, Mexico, to ensure you are educated in settling for the right choice and make your buying process smooth.
1. How long have you served in the real estate industry?
An agent who has been in the business for long may be more knowledgeable about how things are run and have more odds of finding your dream home. To ascertain the quality of their services, you may even inquire if the agent has gotten any awards for their performance.
However, being in business for long doesn’t guarantee a quality service. You should therefore not despise the services of a newbie. The essential thing is ensuring they are licensed to operate.
2. Where is the property located?
Los Cabos is a big municipality located in the Baja California Sur peninsula. It includes Los Barrriles, Cabo Pulmo, East Cape, Cabo San Lucas, San Jose del Cabo, among other areas. Each of these towns is unique regarding the environment and the facilities they offer.
For instance, if you want your property in a town with a busy nightlife, varied beach activities, tours, shopping, and cruises, then Cabo San Lucas is the place to buy. San Jose del Cabo, on the other hand, is a more peaceful town with great restaurants, more tranquil beaches, and a fantastic art district. Therefore we suggest you ask where exactly the property is located to get the right fit for your needs.
3. Can we submit a lower offer than the price listed?
Sometimes the prices in real estate are negotiable. If you think the property you are about to buy can be offered at a lower price, do not hesitate to ask the agent whether the listed price is definitive.
4. Are there any health or safety issues I should be aware of?
Before buying a property in Los Cabos, consult with your real estate agent about any health or safety concern you may have, such as the quality of indoor air, lead paint, mold, mosquitoes, etc. Being informed about all these issues can help you counter them.
5. Can you give me some references?
When buying a property in Los Cabos, you can always ask your realtor whether they can give you any references to previous customers. If any, make an effort to reach them and inquire about their experience with the agent.
6. Can you show me similar properties in the area?
The more options the realtor has, the better for you. You want to get real value out of your investment and not just go for any property you find in the market. Therefore, to find your dream home, go house hunting with your agent and evaluate all your options.
7. Are there any zoning laws?
Knowing the zoning laws and any planned project or development in the location of your desired property will enable you to make an informed projection of possible future changes in the neighborhood.
8. Are you aware of any disadvantages the property may have?
No matter how perfect a place may seem, your agent knows best. A property inside a development may have HOA issues, noisy roads nearby at night, or any other situation you may not notice in a regular day tour.
9. Do you offer any guarantee for your services?
If after making an offer things do not work out the way you wanted, your agent should be able to cancel the agreement. A good agent should offer you the flexibility to change a deal without any hassles.
10. How long has the property been on the market?
When a property is listed for too long in the market, doubt arises. It is not necessarily a bad thing, but you can always calm yourself by clearing any doubts with your real estate agent. Find out if the property is too expensive, or if there may be something wrong with it.
Buying a property in Los Cabos with the help of a real estate agent from Windermere is definitely a safe investment. The real estate industry may be too difficult to handle alone. Windermere, where dreams become a reality, is currently providing over 100 years of Real Estate experience in the Los Cabos area. Regardless of the type of luxury property you are looking for, may it be for destination living, leasing or any other purposes, we have got you covered.
If you ask someone, what their ideal holiday looks like the majority would say – somewhere by the sea. People love water and many dream of a beach wedding or even buying a house near the sea someday. Looking at all the benefits that life by the sea can offer, it’s no wonder why so many of us crave to spend more time close by the water. Here are five advantages of living in a town like Los Cabos, near the sea.
Life by the sea has many benefits but the most significant that everyone should take into account is how good it is for your health.
Fresh air will certainly do you good and seaside air is especially beneficial. Not only is it free from pollutants common in the city like exhaust fumes and particles. It is less dry and can benefit people, who suffer from respiratory problems like regular coughs and even asthma and allergies.
On top of that, seaside climate also helps improve mental health. Serene views of the deep blue sea and sound of the waves help reduce anxiety and improve your sleep at night.
Regular walks by the water in the warm sunlight also help boost your vitamin D levels, which are essential for overall health.
When living in the city, many of us feel like there’s not enough time and opportunity to exercise. It’s one thing to go to the gym several times a week but nothing feels as good as working out in the fresh air.
Living near the sea is the perfect opportunity to get out more. From running to yoga or even a morning or afternoon swim, nothing can beat the feeling after an open-air workout. If you get into the habit of doing it regularly, it can also boost your immune system as your body will adjust to different weather and temperatures.
- Family Life
Sometimes juggling all aspects of life can be a challenge. And when things get too much, it might be time for an escape. When living in the city, that escape might mean getting out to the country but that’s not always easy when you have a partner, children, and pets. And then there’s time for friends. How to squeeze it all in?
When you live near the sea, things can be easier. Even just a few hours spent at the beach with the family can make a big difference and allow you to save time and money planning a trip away from home. Invite friends and you can have a picnic on the beach.
- Varied Diet and Fresh Seafood
For centuries coastal lifestyle has been associated with plenty of fresh produce and seafood. Not enough people include seafood in their diet and it may be difficult to do so, when living in large urban areas, where prices are higher, things are not as fresh, and the selection is simply more limited. Majority of seafood is an excellent source of nutrients. It’s high in protein, low in fats and cholesterol, and contains much needed omega 3 fatty acids.
- Social Life
With so many people heading to the beach from places all around, coastal lifestyle is perfect for meeting new people. Whether it’s enjoying recreational and watersport activities or heading to local cafes, events, or simply going shopping, there are so many opportunities to meet new people and make friends. And your kids will love it too as playing on the beach can be a natural and relaxed way for the young ones to join in activities with other kids.
You’d be surprised, but Los Cabos does have it all. The perfect “home away from home”. Everything from bright blue sea to beautiful sandy beaches to perfect sunsets over desert views. Relaxing in a quiet and romantic spot can be easily mixed up with outdoor adventures and exploring the vast sea life. Whether going with friends or family, there is something for everyone. In Windermere Los Cabos we are happy to share our favorite activities in this unique destination. Just take a pick.
1. Visit The Arch
The recognizable natural rock formation known as El Arco is a signature landscape associated with Los Cabos. Due to being the southernmost point of Baja California Peninsula, it’s also known as The Land’s End. Since there is no access to El Arco by land, the best way to see it up close and get some unforgettable views and photos is by getting a water taxi. Who knows, you might even see some sea lions that love to hang out by the rocks.
2. Art Walk in San José del Cabo
The beauty of Los Cabos can be enjoyed not only through the day but also at night time. Every Thursday night between 5 PM and 9 PM (October to June) a vibrant and colorful event takes place in San José del Cabo Gallery District known as the Art Walk. Numerous galleries open their doors and put up special events for anyone wanting to see the artful side of Los Cabos. Take a stroll down the cobblestone streets, sip a glass of wine, while diving into the creative atmosphere unlike anywhere else.
3. Scuba Diving
Take a deep breath and dive into the water. Seeing the stunning beaches of Los Cabos is one thing, but there’s more under the surface. Just a short boat ride from the marina, and you can reach some fantastic diving locations offering spectacular underwater views. There’s something for everyone. Beginners can get comfortable with diving around Lover’s Beach while Sand Falls are perfect for experienced underwater adventurers.
4. Polaris Adventure
Into adrenaline? Go off-road. Polaris RZR tours in Los Cabos will take you through dunes and deserts, villages and beaches showcasing everything that Los Cabos climate has to offer. Grab the 4×4, a couple of friends or family and put the pedal to the metal.
5. Ride a Camel
You don’t have to fly to the Arabian Desert to ride through the sand on the back of a camel. Camel riding safari in the Baja desert is perfect for everyone in the family. You can even enjoy a delicious Mexican lunch and tequila tasting as part of it.
6. Chill Out In Santa Maria Beach
Between Cabo San Lucas and San José del Cabo lies the Santa Maria Bay. A horseshoe-shaped beach with clear turquoise water and beautiful warm sun above your head. The bay is surrounded by rocks which makes it perfect for snorkeling as fish like to hide in underwater cliffs and coral. The Santa Maria Beach is easily accessible both by car or public transport.
7. Snorkeling in Medano Beach
Medano Beach is not only among the most popular beaches in Los Cabos, but it’s also somewhere you can practice snorkeling. Since this is a swimmer-friendly beach with not a lot of underwater cliffs and corals, you might not see the most significant amount of fish there. However, if you plan to spend a day on the beach, why not bring those snorkeling masks and swim fins along?
8. Surfing in Costa Azul
If you plan to visit Los Cabos during summer and autumn, make sure to give surfing a go in Costa Azul. Located on the so-called tourist corridor between Cabo San Lucas and San José del Cabo it’s suited for beginners and those already comfortable with this watersport. Complete newbies will be greeted by friendly and knowledgeable staff, who will show all the tips and tricks for mastering the waves.
9. Whale Watching
Whales are not the only sea animals you can encounter in Los Cabos, but they are the most spectacular. Whale watching in Los Cabos runs from 15 December to 15 April. During this time you can expect to see humpback whales and grey whales, among others. You can opt for anything from small group tours to private ones for just your friends and family, but keep in mind that you’re only allowed to approach the wales on certified boats.
10. Zip Lining Experience
Another exciting option for the whole family on a day out is outdoor ziplining. Glide over canyons or enjoy the fastest and longest zip line in Mexico going at 60 mph for over 4000 feet. If you’re looking to take your ziplining experience to the next level, why not try ziplining at night?