1-844-872-8686 info@buyincasalinda.com
Understanding Property Tax in the Dominican Republic: What Owners Need to Know

Understanding Property Tax in the Dominican Republic: What Owners Need to Know

Jun 5, 2024 | Dominican Republic Retirement, Dominican Republic Villas, News

If you’ve been considering moving to the Dominican Republic (DR) or buying an investment property on the island, you should understand the basics of the DR’s property tax. Luckily, Casa Linda is here to help! With decades of experience assisting expats in moving to the DR, we understand some of the questions and complexities our future residents may face when it comes to their villa’s property tax.

Below is a quick overview of the property tax in the Dominican Republic. Keep reading to find out more. 

Overview of Property Tax in the DR

Property tax in the Dominican Republic, or “Impuesto Sobre Bienes Inmuebles” (ISBI), is based on the value of your property, with the tax rate varying depending on the municipality. However, the tax rate in the DR is typically around 1% of your property’s value. Your property’s value is based solely on the building and land, not your furniture or equipment. 

When determining how much you’ll pay in property taxes, it’s important to note that the 1% is calculated only for values exceeding 6,858,885.00 DOP (about $150,000. This amount is adjusted annually for inflation). Anything under that amount is essentially free of charge. This means most Casa Linda villa owners only pay between $1-2K yearly in property taxes. 

In the Dominican Republic, real estate taxes are payable yearly on or before March 11. Still, even this is flexible as you also have the option to pay in two equal installments (50% on or before March 11. The remaining on or before September 11). However, these are a few circumstances in which property are exempt from paying real estate taxes. For instance, farm properties, homes whose owner is 65+ years old and has no other property in their name, and properties owned by companies (they pay a separate tax on company assets) are all exempt. 

If you have any questions regarding your potential property tax when moving to the Dominican Republic, Casa Linda can help you connect with a trustworthy and experienced accountant who can walk you through the details. 

Consequences of Non-Compliance

One thing to remember regarding property taxes in the Dominican Republic is that avoiding paying for them can result in steep penalties. A considerable amount of many residents’ property tax payments come from unpaid taxes. So, as an expat looking to invest in real estate in the DR, it is essential that you keep track of your taxes to avoid costly penalties or issues with the Dominican Republic tax authorities. And if you need assistance, working with a qualified accountant is always a good idea! 

Customizable Luxury Villas at Casa Linda

If you want to invest in a property to call home, Casa Linda’s luxury villas are an incredible option! Our villas are entirely customizable to your lifestyle, tastes, and needs. With our in-house design team, we can work with you to craft the luxury villa of your dreams. Our villas have a stunning view of the DR, a pool, terraces, large windows, and high ceilings. With options to add additional bedrooms or a guest house, Casa Linda’s villas are a beautiful home away from home! 

Making Your Dream Home a Reality

If you’ve been considering moving abroad and living a life of luxury in an island paradise, then the Dominican Republic is calling your name! Let Casa Linda help you design your dream home today! 

Contact Casa Linda today to find out more about our customizable villas!

Top 5 Customizations to Maximize Your Retirement Villa in Sosua, Dominican Republic

Top 5 Customizations to Maximize Your Retirement Villa in Sosua, Dominican Republic

Jun 5, 2024 | Dominican Republic Retirement, Dominican Republic Villas, News

Casa Linda is home to a large community of expat retirees who live full-time in the Dominican Republic! If you are packing up your whole life and moving to another country, your new home should be suited for full-time living rather than a vacation home.

Continue reading to learn about the top five villa customizations Casa Linda recommends to any retiree considering buying a villa in Sosua, Dominican Republic, for full-time living.

Walk-In Closet

For Casa Linda’s snowbird owners, a regular closet is okay because they are only on the island for the winter. However, if you and your partner consider permanently relocating to the Dominican Republic, you’ll want all the space you can get!

The first customization we highly recommend to our full-time owners is expanding the master bedroom’s closet into a walk-in closet. Your wardrobe will undoubtedly expand as you establish a life in the Dominican. It’s better to have more storage, even if you don’t need it right now. After all, when has extra storage space ever been a bad thing?

Kitchen Island

A universal truth is that the kitchen is the heart of the home. Whether that’s back in your home country or a new friend’s kitchen in the Dominican, the kitchen is a gathering place! Food is an integral part of Dominican culture, and that comes with the responsibility to host gatherings and barbecues where everyone comes together to eat, drink and be merry.

Trust us– you’ll want a kitchen island if you live full-time at Casa Linda! It adds extra seating, storage and counter space for meal preparation. Casa Linda’s team of in-house architects will guide you through the customization process. Whatever your specifications are, our team will do everything to make your vision come to life!

From the island’s layout to the countertop material, owners have complete stylistic control!

Additional Storage Room

Every Casa Linda floor plan includes a detached service building for the pool equipment and extra storage space. But, as we said earlier, additional storage is always good, especially for full-time residents and retirees. If you love decorating your home with the seasons, you will need a place to keep your decorations!

Adjustments can be made to the service building to increase the amount of storage space, like increasing the overall square footage and adding built-in shelving.

Jacuzzi

What paradise would be complete without a jacuzzi to soak in after a long day of surfing or hiking through the mountain trails? Jacuzzis are a very popular villa addition amongst our retirees, for a good reason! Retirement is all about kicking your feet up, being stress-free and living the good life.

Imagine going for a late-night soak in your jacuzzi: the jets massaging your aches and pains away, a cool tropical breeze blowing through your hair, the twinkling night sky, and an ice-cold cerveza in your hand. Life is good, especially at Casa Linda.

Your Villa, Your Way

Over the last 40 years, Casa Linda has been home to a growing community of expats from all over the world. Casa Linda’s gated community is located between the lovely beach towns of Sosúa and Cabarete on the north coast of the Dominican Republic.

You can choose between 15 different villa models that are customizable to your taste. Outside of your budget, the only limit is your imagination!

Ready to take the plunge? Contact Casa Linda today to learn more about buying a villa in Sosúa, Dominican Republic.

Retiring in Paradise: Why Expats Choose Casa Linda’s Dominican Republic Luxury Villas

Retiring in Paradise: Why Expats Choose Casa Linda’s Dominican Republic Luxury Villas

Apr 26, 2024 | Dominican Republic Retirement, Dominican Republic Villas, Expat Life, News

It’s a significant decision to pack up your life and move to another country! At Casa Linda, we hear a lot from potential clients who have concerns about moving abroad to a very different country. For over 40 years, Casa Linda has developed a thriving community of expats from Canada, the United States, and Europe!

Casa Linda is a beloved and highly respected builder of modern luxury villas in the Dominican Republic! Below, we will discuss the top reasons why retired expats choose Casa Linda over any other DR community builder.

Steady & Rapidly Growing Economy

There is a common misconception that the Dominican Republic is a poor, struggling and underdeveloped country. That cannot be further from the truth. Our small island country might have been one of the poorest Latin American countries in the mid-1960s, but much has changed in the last 60 years.

In actuality, the Dominican Republic’s economy is the steadiest and fastest growing in Latin America. The Dominican’s standard of living is approximately one-third that of the United States. That’s a marked difference from other Latin countries, whose average standard of living is typically around one-quarter of the USA.

Risk-Free Property Investment

If the Dominican continues to grow at the same rate, it’s projected that in 40 years, the DR will have an advanced economy on par with other first-world countries. Investing in a Dominican Republic luxury villa through Casa Linda is a sound investment for your current lives in 2024 and your future as well!

Casa Linda has been in business for forty years, and our community has steadily grown. What originally started as a small community has grown into a massive neighbourhood with long-standing owners. We are one of the most trusted and respected builders in all of the Dominican.

Safe Location & Secure Gated Community

If you are concerned about natural disasters living on a tropical island, there is nothing to fear. Casa Linda is located on the north coast of the Dominican, in between the beach towns of Sosúa and Cabarete. There have been no recorded hurricanes to reach the north coast of the DR— ever! You don’t have to worry about the risk of losing your villa to a rogue storm.

Casa Linda takes the safety of our owners and their families very seriously. While our community is located in a safe part of the island, Casa Linda takes extra precautions to ensure the well-being of our residents. We are a gated community with 24/7 security, providing owners immense peace of mind— especially for those who only use their villas in the winter!

Live Life Luxuriously

Life at Casa Linda is like living full-time at an all-inclusive resort, except you get to enjoy the privacy of your own home. We are proud to have a tight-knit and welcoming community of expats worldwide who cannot wait to welcome you into our fold!

Get in touch with Casa Linda today to learn more about building a luxury villa in the Dominican Republic!

Dominican Republic Real Estate: 3 Factors To Consider

Dominican Republic Real Estate: 3 Factors To Consider

Sep 26, 2022 | Dominican Republic Villas, News, Relocating to the Dominican Republic

Are you considering buying real estate in the Dominican Republic but unsure where to start? Below are the top 3 factors you should consider before purchasing a property.

1. Location

Have you been dreaming of waking up to the sound of the waves crashing against the sand and the breeze brushing across your skin from the comfort of your home? Properties in Casa Linda Quality Communities are 5 minutes away from Sosua and Playa Alicia’s beaches and only 10 minutes away from Cabarete Beach! We also provide our residents with a complimentary shuttle bus that goes to the beach several times a day so that you won’t have to worry about transportation. When buying a property in the Dominican Republic, your dream life can become a reality!

In addition to the beautiful beach view, our villas are also near many amenities like hospitals, food markets, restaurants etc., to make sure that everything you need is only a few minutes away. With almost everything you need being within walking distance, you can easily navigate through the city at any time of day. Whether you’re looking to go out for a late-night dinner or you’re in need of buying a couple of house essentials, you can simply put on your shoes and walk to the location.

2. Community

When moving to a new country, you can’t help but feel like a foreigner as you might take time to get used to the place, navigate around the city and learn the language. Trying to fit in can get quite challenging at first and therefore cause you to start feeling homesick. As a result, homeowners who have made a big move to a foreign country have considered whether their decision to move was the right one or not. Most newcomers try to join a community in an attempt to find people of the same age and share the same interests; however, in a big city and a completely new country, they’re often lost as to where to start looking.

It’s always easier to integrate into a new culture when you surround yourself with a community that shares similar interests and hobbies as you. As a newcomer, nothing will make you feel more at home than living in a community that welcomes you and makes you feel like you’re a part of the family. Buying a property that provides a gated community and offers you a friendly and active community will definitely help make your move smoother. You will have the opportunity to mingle with other newcomers and participate in many exciting activities.

At Casa Linda Quality Communities, we encourage all newcomers to participate in our events to get to know fellow residents. Our community has been home to Americans, Canadians and Europeans for decades, where we have facilitated plans like shopping, fishing, movie nights and tours around the city for all our residents for more than 40 years. You will always feel a part of the family in Casa Linda’s community.

3. Business or Pleasure?

Buying property with Casa Linda Quality Communities can be much more than just a vacation home. If you’re planning to spend a few months in the DR, lock up your home, and leave for the rest of the year, you can rent your property to cover expenses. We offer the option of working with several approved Rental Hosts that manage renting out your villa, including:

  • Marketing your villa on major travel sites like Booking.com, Expedia, Airbnb, etc.
  • Offering personalized services to the renters
  • Directly supervising staff
  • Addressing problems or issues with renters

You won’t have to worry about managing the renting process from abroad as your Rental Host will be entirely responsible for renting out your villa from start to finish to give you ease of mind while you’re away.

Considering Casa Linda?

Contact us for more information on the Dominican Republic Real Estate and learn more about how to start your journey!

Life on Island Time! Make the Leap to Living in Paradise Today!

Life on Island Time! Make the Leap to Living in Paradise Today!

Apr 20, 2022 | Expat Life, News, Relocating to the Dominican Republic

2022 is here, and it’s time to stop daydreaming of making the move to paradise and start taking the first steps toward making your dream a reality! If you’ve been waiting for the perfect time to look into island living, Casa Linda Quality Communities is here to help! Located on the northern end of the Dominican Republic, just outside of Cabarete, our luxury community gives you all of the benefits of a gated development (including 24/7 security, etc) as well as affordable housing starting at low as $207,300 USD! As one of the most beautiful and cost-effective locations globally for expatriates, life Dominican is an adventure you’ll enjoy each and every day. Below, we’ll cover just a few of the many reasons you should consider moving to the DR!

Perfect for Every Pension

It’s no surprise that one of the biggest influences when it comes to moving is your finances, both in the short and long term. Cost of living is a significant consideration and one that should be given ample thought before jumping in with both feet. Fortunately, for those concerned about staying within a specific budget without having to compromise on your quality of living, housing, and access to essentials, you’ll find that the DR is an ideal fit on all fronts. Not only does the Dominican have the best dollar-to-value ratio in the Caribbean, but it also offers a stable economy, top-tier healthcare system, affordable housing, and overall much lower cost of living than many of us are already accustomed to. That means you can look forward to living in luxury, without having to blow through your budget each month!

Community

Life in paradise just wouldn’t be the same all on your own. Whether you’re moving with a loved one or venturing out on your own as an entrepreneur or investor, one of the best parts of moving to the Dominican is the incredibly welcoming community and culture. From locals that are eager to make you feel at home to a vibrant community of expatriates all over the world, you’ll have no problem making new friends within our gated community and building a new life full of laughter and quality relationships.

relocating to the dominican republic

Familiarity is Never Far

You might be surprised to learn just how many of your favourite brands and stores you can expect to still find here in the Dominican Republic. The Dominican is home to many popular retailers and brands you would expect to find in North America, meaning that, in addition to the abundance of fresh produce and new items you’ll find in stores, you’ll rarely have to worry about going without your preferred products.

Unbeatable Weather

Never shovel again! If you’re through with freezing cold winters and long dreary days, the DR is here to rescue you with its warmth! Our daily temperatures average 28°C (82°F) and with miles of white sandy calling your name, it’s time to stop dreaming and start living in an incredible new reality!

Ready to Answer the Call of the Island?

At Casa Linda, we’re proud to help adventurous spirits find the perfect villa that’s tailored for your exact tastes and needs. Each of our homes is built to the highest quality and designed to provide you with comfort, safety, and (of course) enjoyment. Contact our team today to learn about our available floor plans and more.