Property Tax Exonerations / Incentives for New Construction

According to Article 81 of Law 6 of 2005, as amended by Law 34 of November 9, 2005, improvements whose construction permit was issued on or after September 1, 2006 are exempted from paying property tax, based on the following table:

Improvements for residential use

Other improvements

With the law 28 of 2012, improvements whose construction permit was issued on or after January 1, 2012, are exempt the payment of land tax from the date of registration of the improvements or occupancy permit based on the following table:

Improvements for residential use