Aruba knows the following type of taxes when it comes to properties.
- Transfer tax: this tax is 3% of the value if lower than $141,000, when value is higher, then it is 6%.
- Property tax: the tax department appraises the value of your property and taxes it accordingly, see for more info www.siad.aw.
With the purchase of your property the total closing cost is between 5-8 percent. This is the property tax, as previously mentioned plus the notary fee of transferring the deed, plus notary fee for a mortgage on the deed if in applicable.