On Fri, 17 Oct 2014 12:02:36 -0400, wrote:

I heard the property tax in Mexico is next to nothing...is that true?

Probably because you are just leasing the land and that they are not
paying for all those pesky services like police protection, fire
departments and schools.

"...Americans and other foreigners may obtain direct ownership of
property in the interior of Mexico. However, under Mexican law,
foreigners cannot own property outright within the restricted zone.
Instead, a real estate trust must be set up to hold title for the
foreigner. Since foreigners are not able to enter into contracts in
buy real estate, they must have a bank act on their behalf, much as a
trust is use to hold property for minors because they also can not
contract. The following is a brief outline of the law regarding such
trust, known as "fideicomisos", but potential buyers should always get
advice and have all real estate transactions overview by a licensed
Mexican attorney."

http://www.mexonline.com/propmex.htm