🧾 What to Expect: Monthly and Annual Property Costs in Guanacaste
Owning property in Costa Rica comes with very reasonable taxes—but other costs like HOA fees, utilities, and maintenance can vary depending on the type of property. Below is a general guide to help you plan.
🏢 Condos
Condos Around $100,000
- HOA: ~$125/month
- Property Tax: ~$250/year
- Electric: ~$80–120/month
- Water: ~$10–30/month
- Internet/Cable: ~$60–80/month
- Maintenance: ~$300–600/year
- Insurance: ~$250–500/year
- Property Management (if needed): ~$100–120/month
Condos Around $250,000
- HOA: ~$200/month
- Property Tax: ~$625/year
- Electric: ~$120–180/month
- Water: ~$20–40/month
- Internet/Cable: ~$70/month
- Maintenance: ~$500–800/year
- Insurance: ~$400–600/year
- Property Management: ~$120–150/month
Condos $400,000–$500,000 (with more amenities)
- HOA: ~$500–700/month
- Property Tax: ~$1,000–1,250/year
- Electric: ~$150–250/month
- Water: ~$30–75/month
- Internet/Cable: ~$70/month
- Maintenance: ~$800–1,500/year
- Insurance: ~$600–1,000/year
- Property Management: ~$125–150/month
🏡 Homes (No HOA)
For standalone homes not in gated communities:
- HOA: None
- Property Tax: $250/year per $100K value
- Electric: ~$120–250/month
- Water: ~$20–60/month
- Internet/Cable: ~$70/month
- Pool Service (if any): ~$50–120/month
- Landscaping: ~$80–300/month
- Insurance: ~$250–300 per $100K/year
- Maintenance: ~$1,000–2,000/year
- Luxury Tax: May apply if value > $285,000 (see below)
🏘️ Homes in Gated Communities
Costs depend heavily on the size of the home and the amenities of the community:
- HOA: ~$250–500/month
- Other costs are similar to above (see standalone homes)
🏞️ Land / Home Sites
For lots purchased as investment or to build later:
- HOA (if any): ~$100–500/year depending on community
- Property Tax: $250/year per $100K value
- Lot Maintenance: ~$100–300/year
💡 Quick Notes:
- Property tax in Costa Rica is only 0.25% per year—very low compared to most countries.
- HOA fees often include security, landscaping, pool care, and water systems.
- Many owners hire part-time help for cleaning, pool, or garden care. Labor is affordable.
💎 Luxury Home Tax (Impuesto Solidario)
If your home's construction value is over $285,000 USD, an additional Luxury Home Tax may apply. This is separate from regular property tax and is reassessed every 3 years by a licensed appraiser.
➡️ This tax only applies to residential homes, not raw land.
🧾 Example: Home Valued at $800,000 USD
- First $578,000 taxed at 0.25% = $1,445
- Remaining $222,000 taxed at 0.30% = $666
- ➡️ Luxury Tax = $2,111/year
✔️ In addition to standard property tax: $2,000/year
✔️ Total annual taxes: $4,111