Closing on a real estate acquisition in Yucatán incurs statutory closing costs typically ranging between 4.5% and 7.0% of the declared transaction value. Understanding the line-by-line financial breakdown helps buyers budget accurately and avoid unexpected closing table demands.
1. Municipal Acquisition Tax (ISAI)
The Impuesto Sobre Adquisición de Inmuebles (ISAI) is the primary local transfer tax payable to the municipal treasury where the property is situated. In the Municipality of Mérida, the effective rate is 2.50% of the highest value among the purchase price, fiscal appraisal, and cadastral value. Across other Yucatán municipalities (such as Progreso or Valladolid), the statutory rate is generally 2.00%.
2. INSEJUPY Public Registry Inscription Rights
INSEJUPY assesses tariffs for recording the deed in the Folio Electrónico. Tariffs are calculated using statutory multiples of the Unidad de Medida y Actualización (UMA), typically adding between 0.50% and 0.75% to overall acquisition costs.
3. Notario Público Protocol Honoraria
In Mexico, the Notario Público is a state-commissioned legal officer responsible for title validation, tax withholding, and public deed protocolization. Professional fees generally range between 1.50% and 2.00% depending on transaction complexity and loan documentation.
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