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Buying a home in Aruba

Taxes

Property taxes on Aruba are very attractive.The first US$34,000 are tax exempt and is usually based on the sales price. After subtracting the tax free amount from the sales price you divide the difference by 1000 than multiply the solution by 4. Example: 200,000 - 34,000 = 166,000 166,000/1000 = 166 166 x 4 = 644 (yearly taxes) Closing costs Notary cost deed: 1% of sales price. Mortgage deed: 1% of mortgage amount. Transfer tax Up to Afl. 250.000 it is 3%,From Afl. 250.000 and up it is 6%

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2017, Aruba Home Finders | Vacation rental inquiries: www.arubahomeminders.com | Tel. Aruba (297) 733-4663 | Tel.USA: (631) 410-HOME
Sales, rental & service inquiries: www.arubahomefinders.com | Tel. Aruba (297) 733-4663 | Tel. USA (973) 988-4363