Property
Colombia — Property: Property Taxes
Colombia's municipal predial property tax generally runs 0.4% to 1.2%, and a separate wealth tax applies above 72,000 UVT of net wealth.
VerifiedProfessional tax guide — not a government sourcePwC Worldwide Tax Summaries, Colombia other taxesLast reviewed: 2026-10-26
Why this matters
Understanding property taxes is crucial for relocating individuals to Colombia, as it can significantly impact their living expenses and financial planning.
Key facts
- The municipal impuesto predial generally ranges from 0.4% to 1.2% depending on property nature and use; no exact municipal rates are given.
- The wealth tax threshold is 72,000 UVT (COP 3,770,928,000) of net wealth at 1 January; rates are 0.5% on 72,000-122,000 UVT, 1.0% on 122,000-239,000 UVT and 1.5% above.
- The 1.5% top rate applies only for 2023 through 2026; a pending proposal to lower the threshold to 40,000 UVT with rates up to 5% was under Constitutional Court review in January 2026.
Steps
- Step 1: Determine the Assessed Value — The local municipal authorities will assess the property's value for tax purposes. This assessment can be based on various factors, including the property's size, location, and age.
- Step 2: Calculate the Tax Amount — The tax amount is calculated as a percentage of the assessed value. The exact tax rate varies by municipality.
- Step 3: Pay the Property Tax — The property owner is responsible for paying the property tax annually. Payment deadlines may vary by municipality.