Taxes

Property taxes in Chile are much less painful than in other countries. The rate can range from 0% for properties less than 14,000,000 CPL to 1.2% for properties over 52,000,000 CPL. Properties valued between these two numbers have a rate of 1%. The Chilean Tax Bureau determines the value and takes many things into consideration. Often the tax value is less than the market value for a property.

Paying taxes in Chile is not nearly as complicated as other countries but a good tax person should be consulted. The Chilean government allows property owners to pay in four installments or a lump sum. If you pay in installments you'll pay in April, June, September and November. You can pay the lump sum in any of these months.