Known as the tax on luxury homes in Costa Rica, the Solidarity Tax for the Strengthening of Housing Programs has varied year after year. For 2023, the tax was updated with a new rate table based on property value.

This is a tax in Costa Rica that falls on the value of real estate for residential use. In other words, it is a tax on residences that are used regularly, occasionally or for recreation. It was created with the aim of financing decent housing for the population in extreme poverty.

According to the law, it is the owner of the property who should pay this tax. Specifically, the text of the law indicates that “the taxpayers of this tax are the owners or holders of rights over real estate for residential use, as well as the concessionaires, the permit holders and the occupants of the border strip of the maritime-terrestrial zone or of any other property granted by the State or its institutions.”

Consequently, the owners of homes with a value greater than one hundred forty-eight million colones (¢148,000,000.00) will be the ones obliged to pay this solidarity tax.

To do this correctly, follow this three steps:

Below are the solidarity tax rates. These rates must be applied to the total amount without excluding the exempt amount, resulting in solidarity tax rates of 0.25% to 0.55% on a staggered basis: