Panama Property Tax Breaks

Good news for buyers in Panama. The government has extended a 20-year exemption on property taxes for new homes. Under the law, even if you buy an existing home built in recent years, the exemption is transferable.

The law expired in August and there didn’t seem to be any movement to renew it. But the government apparently had a change of heart and extended the law to homes built before Dec. 31, 2009