What is the procedure in purchasing a home in DR?

Once you have decided on your purchase, you would be required to have the following documents:

  • Seller’s Title Deed
  • A notarized Purchase Agreement
  • Passport for non-residents

What cost are associated with home purchase?

  • 3% of purchase price for the Transfer Tax

What are the property taxes?

  • Property tax is based at 1% annual over RD$6,500,000 (approx. US$142,000) of the assessment value.


Assessed Value:   US$170,000 – Exemption US$142,000 =

US$28,000 X 1%=US$280.00 Annual Property Tax.