Previous Thread
Next Thread
Print Thread
#161135 - 02/09/04 07:13 PM Property taxes?  
Joined: May 2003
Posts: 36
ScubaSnack Offline
ScubaSnack  Offline
I noticed on Lan's site a story about property taxes being increased and/or more aggressively collected.

My main concern is with the 5% Annual Speculation Tax on properties over 300 acres. I'm really interested in a >300 acre tract but shudder at the thought of paying 5% per's a deal killer for me.

Would these "Speculation Taxes" be based on the sales price or on a less than market value assessment? Anybody have additional info on this topic?

Thanks, Tom W.

#161136 - 02/10/04 09:42 AM Re: Property taxes?  
Joined: May 2002
Posts: 1,336
toad Offline
toad  Offline
my guess is that if you are lucky enough to be able to afford 300+ acres down there, you can justify it in the early going.... most bets are won or lost on the first tee....

#161137 - 02/10/04 01:43 PM Re: Property taxes?  
Joined: May 2001
Posts: 475
ChrisW Offline
ChrisW  Offline
If you are going to purchase 300 acres, you are going to need a Belizean lawyer and I bet he can answer this question better than any of us. However, I will say that I have heard about people making small improvements to their land to avoid paying "speculation" taxes (IE clearing underbrush, building a $1000 shack over 10 years, etc could save you having to pay). But I am not a lawyer let alone a Belizean lawyer...

Also alot of countries have a limit as to how much land a foreign individual can own (as opposed to a foreign business). I can't remember off hand if Belize has such limits, but you might want to look into it. (IE you may have to start a business to real or imaginary to get that much land.)

Portofino Resort- Now with a new BEACH BAR!!

Click for excellent scuba lessons with Elbert Greer!

Things to do

Daily News
Daily Weather

Classified Ads
San Pedro Sun
Ambergris Today
SP Town Council
Channel 7
Channel 5
Love FM
The Reporter
TV Newscasts
Radio Stations

Click for our
Search thousands of Belizean-only websites

Event Guides
Event Calendar
Specials & Events
Things to Do
iTravel Belize
Paradise Theater
Paradise Guy Event Calendar

San Pedro Scoop!
Tia Chocolate
My Beautiful Belize
I-Travel Belize
Belize Adventure
Belize Hub
Romantic Travel
Bound for Belize
Conch Creative
As The Coconuts Drop
More Blogs...
Search thousands of Belizean-only websites
Chaa Creek is an award-winning luxury Belize Resort, rated as one of the worlds best Eco Lodges. We are a pioneer in adventure travel to Belize since 1981!
White Sands Dive Shop - 5 Star PADI Dive Facility - Daily diving, SCUBA instruction and Snorkeling
Caribbean Inspired All Natural Condiments & Spice Blends, Over 100 are Gluten Free!
We manage a variety of homes, apartments, condos and commercial properties here on Ambergris Caye. Our minimum lease on ALL properties is six months.
Conch Shell Inn: All rooms are right on the beach in the heart of San Pedro, so within walking distance to anything and everything!!
Lil Alphonse has snorkel equipment to fit anyone as well as Marine Park Tickets and flotation devices to assist those not as experienced.
Coastal Xpress offers a daily scheduled ferry run to most resorts, restaurants and private piers on the island of Anbergris Caye. We also offer  private and charter water taxi service.
1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30
Cayo Espanto
Click for Cayo Espanto, and have your own private island
More Links
Click for exciting and adventurous tours of Belize with Katie Valk!
Mini Chat
Who's Online Now
2 registered members (Marty, 1 invisible), 240 guests, and 4 spiders.
Key: Admin, Global Mod, Mod
Forum Statistics
Most Online1,262
Jun 10th, 2007 HELP! Visitor Center Goods & Services San Pedro Town Message Board Lodging Diving Fishing Things to Do History Maps Phonebook Belize Business Directory Picture of the Day

The opinions and views expressed on this board are the subjective opinions of Ambergris Caye Message Board members
and not of the Ambergris Caye Message Board its affiliates, or its employees.

Powered by UBB.threads™ PHP Forum Software 7.6.0