Claudine
Certified International
Property Specialist

Panama and Real estate in Panama
Comparison with US real estate
TOP RETIREMENT STATES 
   
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Master-planned Communities &  Residential Towers                         Florida Arizona California Nevada  Texas Panama  
Beach Homes $850,000 + None $700,000 + None $ 650,000 + $ 400,000 2,500 sq.ft.
Inland or Mountain home $ 350,000 $ 325,000  400,000 $ 360,000 $ 325,000 $ 245,000 2,500 sq.ft.
Island home $1,500,000 None None None $ 650,000 + $ 650,000 3,500 sq.ft.
City Residential  Tower $ 443,000 $500,000 $674,000 $ 600,000 $ 450,000 $ 185,000 1,400 sq.ft
Homes were selected in master planned communities offering similar amenities to those offered in Panama.

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Florida       Arizona   California    Nevada
 Texas 
 Panama
Home Insurance per year  $ 786
 $ 750+
 $ 750+  $ 750+  $ 750+  $ 300

 Average Home insurance costs were basedon average home prices in the U.S. and do not reflect actual costs for homes of higher value than $200,000.00. Insurance for a homes of higher value than $ 200,000.00. Insurance for a home in Panama was based on $200,000.
 

 

 

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G

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   Florida     Arizona  California  Nevada Texas     Panama
Heating costs Average per home   $921  $ 695  $ 695  $ 695  $ 921  NONE
 Heating costs are for natural gas and homes of about 2000 square feet.

 

     

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   Florida 
 Arizona 
 California 
 Nevada  Texas 
 Panama
Property tax
Real Estate
 2.1%  .7-1%  1.40%  2.03-2.9%  2.20%  None
Sales tax (state & Country average)  6.5-8.5%  6.3-10.2%  7.75%  6.5-7.75%  6.25-8.25%  5%
State personal income tax
 None  3.8-7%  9.3%+
 None  None  None
Estate Tax
 Yes  None  Yes  None  Yes  None

State without income tax tend to have high "fees" for other services in order to generate revenue.

The states average tax burden is about 10% of the per capita income of $ 35000.00.

Tax exemptions apply for new construction. There are some property taxes that apply to land.

See our reference website for details. 


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Copyright Claudine Messika -  2007

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