View single post by Bullshipper
 Posted: Thu Jan 22nd, 2015 10:40 pm
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Bullshipper

 

Joined: Thu Aug 23rd, 2012
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Mana: 
Fairwind wrote: A Gringo friend of mine in Kino with a water-front home (not a tar-paper shack) pays $100/year property tax and $450 bank trust fees....

Then he is probably only paying for the ground as he (or the seller) has yet to re-title the property he bought to include the improvements on it. I would suggest he get someone to translate his deed to be sure, as he can be fined and charged back taxes with exorbitant interest rates, also with additional bank fees for his fe de comisio. This is common practice among builders and something to check out when buying developed property.