WHAT IS CRIME IN PUERTO RICO and what are its functions?
The CRIM, or Municipal Revenue Collection Center, is a government entity in Puerto Rico in charge of administering and collecting municipal taxes on the island. This organization is responsible for raising funds at the municipal level to finance local services and programs, such as infrastructure, education, health and safety, among others. The CRIM is responsible for managing and administering the collection of municipal taxes, such as property tax (contribution on real and personal property), municipal patent (business license), sales and use tax, and other taxes. which may vary from one municipality to another in Puerto Rico.
HOW DOES THE CRIME EXEMPTION APPLY ON A PROPERTY?
The exemption from the CRIM (Municipal Revenue Collection Center) in Puerto Rico refers to the exemption or reduction of certain property taxes, specifically with regard to the tax on real property. The CRIM exemption can be applied in different situations, and the conditions and requirements may vary depending on the municipality in which the property is located. Some of the common situations in which a waiver may be requested include:
- Age or Disability Exemption: Elderly or disabled people may qualify for exemptions or reductions in property taxes. The requirements and amount of exemption may vary depending on municipal legislation.
- Veteran Exemption: War veterans may be eligible for certain property tax exemptions. Exemptions may vary depending on the type and degree of disability, as well as the length of military service.
- Low Income Exemption: People with low incomes may qualify for partial or full property tax exemptions. Eligibility criteria are based on income and may vary by municipality.
- Exemption for non-profit organizations: Properties owned by non-profit organizations may be exempt from property taxes, as long as they meet the requirements established by law.
If you live the property as your main residence, you will be exempted up to $15,000 of CRIM values. To request an exemption from CRIM, it is necessary to submit an application to the corresponding municipal office where the property is located.
It is important to provide all necessary documentation to support the request and meet the specific requirements for each type of exemption. It is recommended to consult directly with the CRIM or the local authorities of the municipality in question to obtain accurate and updated information on the procedures and requirements to request a property tax exemption in Puerto Rico.