January 15 is the deadline for owners of luxury houses in Costa Rica to pay the “Impuesto Solidario” (Solidarity Tax) without fines. Best known as the luxury home tax, this tax is to be paid by people who own residential properties in Costa Rica with a total value of ¢129 million colones (approximately $229,600.00 USD) or higher. The value of a property is determined by considering the value of the main construction plus the value of all permanent installations (pool, fence, etc.) if this value exceeds the amount mentioned above then the cost of the land must be calculated and added to the value. The amount to be paid for this tax goes from a minimum of 0.25% for properties of up to ¢323 million (approximately $574,940.00 USD) and increments of 0.05% with a max of 0.55% for properties which value exceeds an approximate $3,458,540.00 USD (¢1,943,000,000.00).