The Administrative Board of the National Registry of Costa Rica tenders the cadastral survey service to complete the entire territory of the country.
Costa Rica Government Purchase 2019LN-000002-0005900001:
"To provide the Real Estate Registry with technical, legal and administrative services in the application of the Model Cadastre Registry to obtain the cadastral map of 224 districts, applying the criteria established by the Real Estate Registry in the "Manual of Conformation of the Cadastral Map."
Four days after it came into force, the government has suspended the implementation of the decree that requires updating of cadastral information of properties.
From a statement issued by the Ministry of Economy and Finance:
June 11, 2017.The Minister of Economy and Finance (MEF), Dulcidio De La Guardia, announced today that, due to a distortion on the part of a political sector of the scope of Decree 130 on cadastral updates, its implementation is suspended, so that a Day Of Explanation can be started immediately with guilds from the sector and interested citizens.
Facilities have been enabled to approve cadastral plans digitally without requiring the physical presence of surveyors and property owners at the offices of the National Registry.
The new initiative known as Approval of Topographic Plans (ATP) has made the process of approving cadastral plans in Costa Rica digital, as from now on the physical presence of surveyors and property owners on the premises of association of Engineers and Architects (CFIA) or the Land Registry will no longer be required reported that union.
For 50% of the properties that make up the country there are no exact measurements and boundaries are not validated by the national cadastre system.
Out of 478 districts in the country, only 32 have catastral plans and 35 are still being published, ie around 800,000 properties do not have validation of their boundaries. Among the missing cadastral areas are urban areas and land sea areas.
The private sector has requested that the debate on the bill to reform the tax code be suspended and changes made to the way property values are updated and the tax on them is calculated.
From a statement issued by the Chamber of Commerce, Industries and Agriculture of Panama:
PROPERTY TAX REQUIRES CONSENSUS
In the Chamber of Commerce, Industries and Agriculture of Panama, the same as other private-sector groups, we have respectfully requested suspension of the debate of Bill No. 43, "which amends articles of the Tax Code and other provisions" related to property tax.
The Central Bank intends to adopt international standards for the system of performance indicators of the economy.
Projected for the period 2014-2021, the Programme for Modernization of Macroeconomic Statistics, as well as including new indicators, will have qualitative changes in databases and modernization of the presentation of results, including the renovation of urban and rural mapping and creation of a digital directory of buildings.
The creation of a Register of Shareholders in Costa Rica aims to control the payment of tax on transfer of real estate.
EDITORIAL
Analysts say that if the purpose of the creation of the Register of Shareholders was the fiscal control of a commercial act geared towards commercial companies with specific characteristics, simpler ways could have been devised to achieve it, rather than creating a general obligation for all corporations.
A Property Ordinance has been proposed which aims to complete the registration process for 10 thousand of the 106 thousand square kilometers that are currently without cadastre.
In the second phase of a program for a mass titling system, supported by the World Bank, the intention is to register 10,000 out of the 106,000km ² that are still without cadastre.
The measure will only be suspended in the capital until they manage to redefine the revaluation process, and will still be in effect at the beaches.
From a press release by the Ministry of Economy and Finance:
The Ministry of Economy and Finance wishes to make public its willingness to suspend the process of cadastral appreciation in the capital. In the meantime, the measure will continue to be upheld in the beach areas.
Business groups are working on the definition of an alternative to the Government's policy to value properties according to their commercial value.
An article in Prensa.com reports that as an example José Luis Ford, president of the Chamber of Commerce, Industries and Agriculture of Panama (Cciap) noted that the position of the chamber is "to search for a more 'real' number, because the value used (commercial value for determining the registry value) does not match reality."
The World Bank has approved a $40 million loan to Nicaragua, which will go to projects related to the management of property rights in the country.
From a press release issued by the World Bank (WB):
More than 90,000 families will benefit as a result of a $40 million project approved on Tuesday by the board of the World Bank (WB). This is the second stage of the Property Ordinance Project (PRODEP II) which regulates property rights and modernizes the institutions responsible for the administration of land in Nicaragua.
The Ministry of Finance has initiated a cadastral revaluation of properties that have never updated their value.
The Ministry of Economy and Finance (MEF) began the process of updating cadastral in various parts of the province of Panama, including the area of beach that stretches along the development centers, located from Punta Chame to Buenaventura, covering Pacific beach fronts and the Interamerican Highway, reports Panamaamerica.com.pa.
The Costa Rican National Registry has started using a modern cadastral map for certifying property deeds which will provide greater security for people buying land.
Deeds will include two aerial views of the property or land, reports The Costa Rica News website.
The new maps include names, plot numbers, and district or cantons divisions, among other features.
As a result, the mall will pay $2.2 million more in taxes.
The lot of the shopping complex is located in one of the most valuable areas of Panama City. It was originally valued at $13 million, but the Asset Management Department at the Ministry of Finance has reviewed the registry value of the lot and increased it to $231.2 million.
As a result, the mall will pay $2.3 million on the 1% property tax, as opposed to the previous $113,000.