Back a few years ago to rope in more investors panama said hey, if you come here and build a new home we will give you 20 years tax free on it. You of course had to apply and be approved but if you did that then you have 20 years tax free.

That is not longer law.

you can buy home that got that, and the onwer will show you how many years are left on that 20. say they built it 4 years ago, so 16 more years of tax free to you...

taxes here are around 1 percent of price, and the deferred tax your thinking of is if you do own taxes on a home you can not pay them until you sale it, then you pay all the back taxes on.

a lot that is worth 30k or less you never have to pay taxes on. but lets say you own a 25k lot, and you build a 25k home on it,, then you will pay taxes on the whole 50k at around 1 percent..

many people who bought into huge condo buildings downtown thought well they didn't really own the land the high rise was sitting on, but they really do, so they take the price of the land and split it up between how many units are there and each pays that plus what their condo is worth... which is a really bad deal because some of the lots that those high rise apts and condos were built on was in the range of 20 to 100 million dollars. yes just for the land..

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