What is a tax appraisal?

A tax appraisal is a professional real estate valuation performed specifically to meet fiscal obligations. Costa Rica's Tax Administration and municipalities require that real estate be properly valued for tax calculation purposes. A professional appraisal ensures the declared value is technically defensible and prevents issues with tax authorities.

Property tax

Costa Rican municipalities levy property tax based on each property's registered value. If you believe the assigned fiscal value does not reflect your property's reality — whether it is overvalued or undervalued — a professional appraisal allows you to request a well-founded adjustment. It is also necessary when significant improvements are made or when surrounding conditions change.

Declarations before the Ministry of Finance

For income tax returns, asset declarations, and procedures before the Tax Administration, a professional appraisal clearly and thoroughly documents the value of your real estate assets. This is especially relevant in property transactions, where the Ministry of Finance may question the declared value if it lacks adequate technical support.

Fixed asset revaluation

Companies that own real estate as fixed assets must perform periodic revaluations to reflect their actual value in financial statements. Our appraisals comply with International Financial Reporting Standards (IFRS) and are accepted by auditors and the Tax Administration as support for figures reported in accounting records.