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In addition to the sale price of the property, other costs will be added after the signing of the deed of sale, Such as the Transfer Tax on property, also known as "Welcome Tax". This tax is charged by the municipality in which your newly purchased property is located.
The Welcome Tax is calculated from the selling price of the property, or its municipal evaluation, whichever is greater. The welcome tax or transfer tax is a progressive tax on the value of the property, with the following brackets: