Payment of property tax and municipal taxes: what are they, how to calculate them and until when to pay them?

Many Peruvians still do not know what the property tax or municipal taxes consist of. Therefore, it is valid to review what these tax units are in the country, so that the tax culture is encouraged and citizens are advised to regularize their payments. In that line, we tell you what they are, how they are calculated and until what date can they be paid.

What is the property tax?

The property tax is a tribute that must be paid in the district municipality where the property is located.. This applies to all urban and rustic properties according to their self-assessment.

Who pays the property tax?

Those who pay the property tax are the natural or legal persons that as of January 1 of each year are owners of the properties.

If I have more than one property, will I pay more?

If you have only one property, the property tax will be calculated based on the self-assessment of that property as of January 1 of each year. However, if you have more than one property in the same jurisdiction, the self-appraisals of all your properties will be added and your property tax will be calculated from this sum.

Who does not pay property tax?

Natural or legal persons who do not own any property as of January 1 of each year do not pay property tax.. In addition, we present a list with the subjects that do not pass this tribute:

• The central government, regional governments and local governments; Except for properties that have been given in concession under the protection of Supreme Decree No. 059-96-PCM, Single Ordered Text of the norms with the force of law that regulate the concession delivery to the private sector of public infrastructure and public services works .
• Foreign governments, on a reciprocal condition, provided that the property is intended for the residence of their diplomatic representatives or the operation of offices dependent on their embassies, legations or consulates, as well as the properties owned by international organizations recognized by the Government that serve as their headquarters.
• Charitable societies, as long as they are used for their specific purposes and no commercial activity is carried out in them.
• Religious entities, provided they are used for temples, convents, monasteries and museums.
• Public entities destined to provide medical assistance services.
• The General Fire Department, provided that the property is used for its specific purposes.
• The Peasant and Native Communities of the mountains and jungle, with the exception of the extensions assigned to third parties for their economic exploitation.
• Universities and educational centers, duly recognized, regarding their properties destined for their educational and cultural purposes, in accordance with the Constitution.
• The concessions on state forest estates dedicated to the use of forestry and wildlife and in forest plantations.
• The properties whose ownership corresponds to political organizations such as: political parties, movements or alliances, recognized by the corresponding electoral body.
• The properties whose ownership corresponds to organizations of people with disabilities recognized by CONADIS.
• The properties whose ownership corresponds to trade union organizations, duly recognized by the Ministry of Labor and Social Promotion, as long as the properties are used for the specific purposes of the organization.
• The departmental, provincial and district clubs, constituted in accordance with the Law, as well as the association that represents them, provided that the property is used for its specific institutional purposes.

How to calculate property tax?

The property tax is collected by the corresponding district municipality, according to the location of the land. To calculate it, we must base ourselves on the affidavit of the self-assessment that the taxpayer presented in the same municipality when he registered the home or property.

How do I pay the property tax?

You must pay the property tax in the district municipality where your property is located. This tax is annual but may be divided into 4 payment dates, in February, April, August and November.

Can I divide the property tax payment?

Yes. The property tax can be divided into 4 dates: February, April, August and November.

What are municipal taxes?

Municipal taxes are those rates that are paid for the provision or maintenance of a public service. They are canceled directly or indirectly.

Where and how to pay municipal taxes?

There are two methods to pay municipal taxes. First of all, you have the option of paying them from any agency of the following banks: BCP, BBVA, Interbank, Scotiabank and BanBif, although they may vary. You can also pay at authorized bank agents.

Schedule of property tax and municipal taxes payments 2021

In the following image, see the 2021 property tax and municipal taxes payment schedule.

What happens if I do not pay property tax or excise duties?

If you do not pay the municipal taxes, the most serious thing that can happen is that your credit history is affected by breach of obligations. In addition, you can be registered in a risk center, such as Infocorp.