What is the Property Tax Assessment?
Local taxes and duties in each federal entity are empowered to require taxpayers and are established by the legislation of each State of the Mexican Republic.
The Property Tax Opinion is a document prepared by a Registered Public Accountant, which provides an opinion on the taxpayer’s compliance with such obligations. This opinion is made in accordance with the Auditing Standards.
The persons who are required to file a tax return are individuals and legal entities that are in any of the following situations:
- Those that have had during the fiscal year real estate for use other than as a residence and whose value for each one or as a whole exceeds $37,250,655. (this amount is modified and published each year in the Official Gazette of the Federation, as well as in the Tax Code of Mexico City).
- The Tax Report must be referred to such tax obligation established in the Mexico City Tax Code for the property or properties that together exceed the amount of the preceding paragraph.
- The properties of mixed use that have a cadastral value for each one or as a whole of the amount mentioned in the first paragraph.
Individuals and corporations that do not fall within the aforementioned assumptions have the option of voluntarily filing their tax returns in compliance with their tax obligations.
Taxpayers who are obliged to report compliance with their tax obligations in accordance with the provisions of the Tax Code of Mexico City in force in 2025 and those who choose to have such compliance reported, must register via Internet in the System for the Submission of Reports (SIPREDI, for its acronym in Spanish).
Taxpayers who are obliged or who choose to audit compliance with their tax obligations must send, no later than March 15, through the SIPREDI system, the notice to audit, filling out the data requested by the System, which will be reflected in the format published in Annex 1 of these Rules, otherwise it will not be effective, in accordance with the provisions of Article 61, paragraph a) of the Tax Code of Mexico City.
Once the notice to report is sent, the SIPREDI system generates a receipt acknowledgement with electronic stamp. In the notice for tax assessment, both the taxpayer and the C.P.R. must include a tax domicile within the territorial jurisdiction of Mexico City, for all legal purposes related to the notice, otherwise it will not be effective for tax purposes. The tax domicile in Mexico City must be updated and registered with the SAT, as well as coincide with the Cédula de Identificación Fiscal and Constancia de Situación Fiscal.
The Registered Public Accountant must send the report and the information of the requested annexes, through the SIPREDI system through the electronic page of the Secretariat of Administration and Finance of Mexico City, no later than the last business day of May, otherwise it will not be effective for tax purposes, both for taxpayers who have opted to audit the compliance of their tax obligations, as well as for those who are obliged to do so. It should be noted that the report can only be sent by the Registered Public Accountant appointed for such purposes.
Once the report has been sent, the SIPREDI system generates a receipt acknowledgement with electronic seal.
In the case of taxpayers who report compliance with their tax obligations in terms of the provisions of Article 58 of the Tax Code of Mexico City in force during the year, and have two or more real estate properties, they must indicate only one tax domicile from among the properties reported.
If you require support with your local tax assessment such as the property tax assessment, do not hesitate to contact us.
