Property taxes in Mexico, the “Predial”, are almost insignificant when compared to Real Estate taxes in other countries. The yearly tax on property in Mexico comes to about 0.1% of the total value of the property, although the actual amount varies by state. Therefore, a $150,000USD home would have an annual property tax of about $150!

Although they tend to be extremely reasonable compared to other countries, be sure to check on monthly maintenance fees charged by your condominium complex for upkeep.