Owning a property comes with fixed costs. As an owner at Baia Vista, you need to take into account such things as:

• Property tax (OZB)
• Owners' Association membership
• Membership of the Management Association
• Contribution to Hòfi Saint George umbrella foundation

Property tax (OZB)

The OZB is levied annually based on the value of your property. The government uses a progressive rate for this purpose:

• Until XCG 350,000: 0,4%
• On the part between XCG 350,000 and XCG 750,000: 0,5%
• About the multiple above XCG 750,000: 0,6%

Associations and contributions

As a property owner in Baia Vista, you are automatically a member of three associations that jointly take care of the management, maintenance and livability of the area.

1. Owners' association (VvE)

Every house or flat is part of an MoU. This association manages the common parts of the specific apartment complex, such as:

• Garden maintenance and communal pools
• Insurance (such as buildings)
• Building up a reserve fund for major maintenance
• Cleaning and minor maintenance

2. Section-VvE Baia Vista

The Section-VvE is responsible for the common facilities of the entire Baia Vista area, including:

• Electricity for the common area
• Internet facility
• Rubbish collection service

Indicatively, the joint monthly contribution to the CoE is approximately XCG 600.

3. Hòfi Saint George Foundation (umbrella).

The Hòfi Sint Joris Foundation manages the general facilities of the entire Sint Joris area. These include:

• Security and surveillance
• Maintenance of infrastructure and public facilities

The monthly contribution to this foundation is approximately XCG 150.

Many owners choose to (temporarily) rent out their property. The associations' monthly costs can then be partially or even fully offset by rental income.