Can someone explain "municiple value" of property?

The municipal value is the city appraisal price, which is a fraction of what  you will pay for a property. However the municipal value is the basis for your property tax and resident visa. Get a good lawyer. The most dangerous people in Ecuador are expats that have been here a few months and handout free advice.  (Nice Pic)
P.S. Ecuador 's beaches for the most part, suck,  Don't take my word for it, go see for your self.

t

let me just say that you have to buy something for at least 60k to get into 25k municipal value braket. Market prices are about 3 times higher than the municipal values... don't ask why.

Thanks, but are you saying that I should just choose the alternative and wait four more years to apply for SS and have the 800+ dollars to get the resident visa when I'm a legitimate retiree?

I wouldn't wait four more years to retire! Buy something here for about $70-75K and it should have a municipal value of about $25K. Ask what the municipal value is before you purchase it.

Properties in the urban areas are assessed at a higher rate than in the country so the ratio of market value to what the municipality assesses it at will be different depending on where it's located. And if you buy a property that doesn't meet the $25k requirement, more than likely you wouldn't want to live in it.

Absolutely, 100% agree with you here!!! Although it will raise some angry voices from low-middle expat class, I personally, have not found anything suitable for living for less than 65K.
No offense, minimalists.

Ecuador Living wrote:

Properties in the urban areas are assessed at a higher rate than in the country so the ratio of market value to what the municipality assesses it at will be different depending on where it's located. And if you buy a property that doesn't meet the $25k requirement, more than likely you wouldn't want to live in it.