Panama Property Taxes
Fair dealing since 2006!

Panama Property Taxes

Panama property Taxes Since 2019

Panama Property Taxes Registered Like Family Heritage Tax (Patrimonio Familiar Tributario) at  Direction General of Incomes (DGI)

 0 – $120,000


 $120,001 – $700,000


+ $700,000


From 0 to USD$120,000 the property is exonerated.

Since $120,000 until $700,000 you pay 0.5% taxes over the following sum USD$580,000.

For Example, for an apartment of USD$250,000, you pay taxes for USD$130,000 The tax that you pay to DGI is USD$650 per year.

If the property value is over USD$ 700,000  you calculate the Panama property taxes in the following way:

For Example an apartment of USD$900,000

From 0 – USD$120,000 exonerated

From USD$120,001 until USD$580,000 you pay taxes for USD$580,000 =  USD$2,900

From USD$700,000  until USD$900,0000 you pay  taxes for USD200,00 = USD$1,400 

The tax that you pay is USD$2,900 plus USD$ 1,400

The Annually Panama Property Tax is USD$4,300 dollars.

Second Homes, Commercial and Industrial Properties 

 0 – $30,000


 $30,001 – $250,000


$250,001 – $500,000


+ $500,000


In the case of second homes, for example, beach homes, mountain homes, industrial and commercial properties, banks, and other financial institutions will be tax withholding agents.

In the case of houses, the financial institutions don’t be tax withholding agents. 

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