The property tax called IPI

This tax must be paid by all homes, urban plots and properties intended for commercial, industrial and professional activities.

IPI (Property Tax) is , as established by the DGII on its website, an annual tax that is applied to the total sum of the real estate assets of individuals and trusts; to whom a rate of 1% is applied on the excess value of the taxed assets.

Currently, properties with a combined value exceeding RD$8,138,353.26 . For trusts, any property not exempt, regardless of its value, is also subject to this tax.

The IPI sworn statement must be submitted to the General Directorate of Internal Taxes (DGII) within the first sixty (60) days of the year and is paid in two (2) semi-annual installments, with the deadline for payment of the first being March 11 and the second being September 11 of each year

This tax must be paid by all homes, plots and properties intended for commercial, industrial and professional activities.

Your exemptions

1. The dwelling (and the land on which it is built) belonging to persons over 65 years of age, provided that it is the only real estate asset of its owner
2. Pensioners and foreign-sourced income earners at 50%.
3. Rural lands.
4. Improvements for agricultural use located on rural land.
5. Properties exempt by special laws (e.g., Law 15​8-01 on the promotion of tourism development). 
6. All properties included, whose combined value is equal to or less than RD$8,138,353.26.