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Costa Rica Real Estate Closing Cost
Closing costs for a sale include a transfer land tax, a stamp tax, and legal fees. Closing costs
typically run 5% to 6% of sales price and are usually split
50/50 between buyer and seller. The transfer and land taxes are assessed based
on the declared value, while legal fees are charged based on "sales
price" of the property.
Calculation Table for Transfer of Real Estate
Example Value $ 100,000 U.S Dollars
courtesy of Stewart Title Costa Rica.
|
Stamps
|
Fraction
|
%
|
Cost ($)
|
|
Registry
|
0.005
|
0.5
|
500.00
|
|
Agrarian
|
0.001
|
0.2
|
100.00
|
|
Law 7635
|
0.002
|
0.2
|
200.00
|
|
Municipality
|
0.002
|
0.2
|
200.00
|
|
Lawyer Board
|
0.00025
|
0.025
|
25.00
|
|
National Archive (*)
|
|
|
0.05
|
|
Treasury Department C.R
|
|
|
2.00
|
|
Transfer Taxes
|
0.0151
|
1.51
|
1,510.00
|
|
Notary fees (no mortgage involved)
|
0.0150
|
1.50
|
1,256.00
|
|
Total
|
0.03785
|
3.785
|
3,793.00
|
|
(*) according to specific table rates, shown maximum payment in
colones. Note: The notary fees identified in the basic closing costs
are for a notary/attorney services in handling the legal processing of
the property transfer and written documentation and registration.
However, this normally does not include legal advise or research
beyond what is involved in the basic preliminary property
investigation.
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