Countries › Dominican Republic › Guide › 6. Taxes › Annual property tax in the Dominican Republic (IPI): 1% above RD$10,695,494 in 2026

Annual property tax in the Dominican Republic (IPI): 1% above RD$10,695,494 in 2026

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Last verified: 2026-10-30 · Status: Stable

The Impuesto al Patrimonio Inmobiliario is a yearly 1% on real estate held by individuals above an inflation adjusted exemption, RD$10,695,494 for 2026, and on the full value held by trusts. The exemption applies once on the total holdings. Returns are due in the first 60 days of the year, and payment comes in two installments on 11 March and 11 September.

USD figures use the Banco Central de la República Dominicana reference selling rate of RD$60.8594 per US dollar for 28 October 2026, the latest row in its published rate file on the verification date, rounded to the cent.

Key facts

Annual property tax	1 %Ley 18-88, as of 2026-10-30 · in force
Exempt amount for individuals, 2026	10695494 DOPDGII Guide 17, as of 2026-01-01 · in force

The rule

1. A 1% tax applies to the total real estate holdings of individuals, on the value set by Catastro Nacional.Ley 18-88 as amended by Ley 253-12, art. 1 (Ley 253-12 art. 13), 2012-11-09 official text · verified 2026-10-30

2. For 2026, individuals pay 1% on the excess above RD$10,695,494 and trusts pay 1% on the whole value, with no exemption. The amount is adjusted yearly for inflation.
Example: Holdings RD$15,000,000: tax RD$43,045.06. / Holdings US$246,469.73: tax US$707.29.DGII Guide 17 on IPI, 2026, Guide, 2026-10-30 official text · verified 2026-10-30

3. Exempt in 2026: holdings below the amount; the home of an owner aged 65 or more if it is the owner's only real estate; rural land used for farming; Ley 158-01 property of first acquirers who are individuals; low cost housing and public offering trusts.DGII Guide 17 on IPI, 2026, Guide, 2026-10-30 official text · verified 2026-10-30

4. The return is filed in the first 60 days of the year, with the first installment by 11 March and the second by 11 September.DGII Guide 17 on IPI, 2026, Guide, 2026-10-30 official text · verified 2026-10-30

Total holdings	Taxable excess	Tax	In USD
RD$8,000,000	RD$0	RD$0	US$0.00
RD$15,000,000	RD$4,304,506	RD$43,045.06	US$707.29
RD$30,000,000	RD$19,304,506	RD$193,045.06	US$3,171.98

2026 tax by holdings

Worked example

A couple of rentals and a home worth RD$30,000,000 (about US$492,939.46) in one owner's name pays RD$193,045.06 (about US$3,171.98) a year, half in March and half in September.

Step by step

Check the DGII value online.
Add all properties and subtract the exemption once.
Request reassessment if the value looks wrong.
Pay both installments.

Common traps

The exemption is per owner, not per property.
Trusts get no exemption.
The DGII value can differ from the purchase price.
Companies are not in the DGII description of the IPI, but their real estate counts in the asset tax.

Sources

Related: Dominican Republic country profile · live dashboard · central bank and release calendar · our posts on X · where Argentina is involved, see The Argentine Thread guide

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