Appraisals for the Solidarity Tax (ISO)

The Solidarity Tax for the Strengthening of Housing Programs (ISO), Law No. 8683 — popularly known as the Luxury Home Tax — applies to the value of residential real estate properties that are used on a regular, occasional, or recreational basis. It includes both fixed and permanent structures. The tax was created with the purpose of funding decent housing for people living in extreme poverty.

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What Is the Purpose of Property Appraisals for the Solidarity Tax (ISO)?

Appraisals for the Solidarity Tax (ISO) are essential to determine whether a residential property is subject to this tax and, if so, to accurately establish the amount to be paid. This tax, regulated by Law No. 8683, applies to the value of luxury residences used on a regular, occasional, or recreational basis and includes both the value of the construction and any permanent installations. A professional appraisal ensures that the property owner knows the updated market value of their property and complies properly with this tax obligation, avoiding penalties or incorrect charges.

Additionally, having an accurate appraisal is essential in legal, inheritance, or administrative processes related to properties subject to this tax. A technical valuation that complies with current regulations allows for the correct calculation of tax obligations associated with inheritances, donations, or property sales. This provides legal certainty to the property owner and helps prevent disputes with the tax authorities, ensuring transparency and trust throughout the entire process.

Finally, conducting a proper appraisal for the Solidarity Tax (ISO) helps with medium- and long-term financial planning. By knowing the updated value of the property, owners and investors can anticipate the tax impact, plan estate and investment strategies, and make informed decisions regarding the use, maintenance, or eventual sale of the property. At ARAICA, we guarantee solid, well-founded appraisals that adhere to official standards—strengthening confidence in the management of your assets and ensuring full tax compliance.

What Do Our Appraisals for the Solidarity Tax (ISO) Offer?

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Extensive experience in appraisals for the Solidarity Tax (ISO), backed by numerous valuations of properties subject to this tax, combined with specialized knowledge of the laws, regulations, and standards related to it.
On-site visit by our certified appraisers, who collect all relevant information about the property to ensure an accurate evaluation in accordance with the criteria established for the ISO.
Comprehensive evaluation of the residential property, taking into account factors such as location, construction features, fixed and permanent installations, usage, and the socioeconomic environment, among other key elements that determine the property’s fiscal value.
Application of advanced technical tools and methodologies that ensure solid, accurate results fully aligned with the official requirements established for the Solidarity Tax (ISO).
Strict compliance with Law No. 8683, its regulations, and the applicable legal framework in Costa Rica, ensuring that the property owner fully meets their tax obligations and avoids legal inconsistencies or administrative penalties.
Delivery of a detailed, technical, and well-supported appraisal report, accompanied by supporting documentation, references, and verifiable data that substantiate the determined fiscal value, allowing the property owner to comply with this tax in a fair, secure, and transparent manner.