Frequently Asked Questions
Property Taxes are due on the 1st day of April each year and are assessed by the Department of Natural Resources. Belize’s property tax is considered to be one of the lowest of any of the Commonwealth countries, usually as little as 1.5% or even 1% of the assessed value of your property.
Closing costs associated with purchasing property in Belize includes a Property Transfer Tax (Stamp Duty) of 8% for all foreign-purchased properties valued above BZ$20,000 (US$10,000) as well as attorney fees (Conveyance) usually amounting to 2% or less of the value of your property. It is normal for buyers to pay approximately 10% of the value of a property at closing. Note: The Stamp Duty rate is 5% on transfers to all Belizean and CARICOM Nationals.
Dependable Property Insurance is available in Belize from a number of reputable local companies which are commonly re-insured through larger North American or European Carriers. Insurance rates and policies do vary from carrier to carrier however most agencies normally offer options that include Fire & Theft, Fire & Allied Perils as well as Householder’s Comprehensive Insurance Coverage for full protection of your home an property. Two of Belize most recognized insurers are RF&G Insurance Company and Atlantic Insurance.
The Qualified Retirement Program (QRP) is an initiative created by the Belize Tourism Board (BTB) to facilitate eligible persons, who have met the income requirements, to permanently live, retire and relax in Belize. Retirees 45 years or older have the opportunity to qualify for benefits that include visa-free travel as well as tax exemptions. To find out more about the QRP program and inquire about eligibility visit The BTB’s Quality Retirement Program online or email the BTB at firstname.lastname@example.org.
Discover our Beach or Jungle Residences for yourself!
As a career developer of successful resorts and real estate developments The Belize Collection is confident in offering our clients the opportunity to sample a no obligation VIP stay at Sleeping Giant Rainforest Lodge or Jaguar Reef Lodge. Get the chance to experience the magic of Belize and the warm and inviting hospitality of the The Belize Collection family.