Dominican Republic property taxes after the purchase are purchase taxes and yearly taxes, both paid to government.
Purchase tax is 3% according the Dominican Republic law 288-04, this tax is paid before depositing documents for title transfer, usually done by your lawyer who was present in the time of closing of the sale.
This taxes are paid regarding the market value of the property that is stated in the list of particular zone in the government office of Title Registry.
If your property has the price that is higher then limit of six million of Pesos, then you will pay 1% of the difference over the limit.
For example, if your property is 200,000 usd, and the limit is 6,000,000 pesos, that is currently around 140,000 usd, the difference is 60,000 usd, so you will pay 1% of 60,000 usd, that is 600 usd yearly taxes.
If your property is less than this limit, you will not have yearly taxes.
If you open the company, and buy the property in the name of company, you will have 1% taxes for your assets at the end of your fiscal year.
Some big residential developments have tax exemption, for 10 to 15 years after the approval, according the Dominican Republic Law 158-01 for tourist developments, CONFOTUR.
Sales tax in Dominican Republic is 18%, ITBIS, and each company has RNC (taxpayer number) number.
All taxes are to be paid in the Bank Banreservas, find the closest location on the page Punta Cana Banks
Dominican Republic property taxes