Panama Property Taxes

Panama Properties Taxes

The Panama property Taxes Since 2019


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



 $120,001       $700,000





Example: properties from 0 to USD$120,000 are exonerated.

From USD120,000 to USD 700,000, the tax payment is 0.5%. And over the sum of USD 700,001, you pay an extra tax of 0.7%.

Example: apartments from USD$250,000, you pay taxes for USD$130,000 tax to DGI payment is USD$650 per year.

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

An example apartment of USD$900,000

Property price 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

Annually, Panama’s 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.  

Contact Us!

Compare listings