Laudêmio Of Petrópolis
The Laudêmio de Petrópolis or "Prince's Tax" is a '' laudemium'', i.e. a legal right, which establishes a tax to be paid to the descendants of the Petrópolis Branch of Prince Pedro de Alcântara, which includes Pedro Carlos de Orléans-Braganza and Duarte Pio, Duke of Braganza. The tax to be paid to the descendants of the former owners of the lands of Fazenda Córrego Seco, located in the Brazilian municipality of Petrópolis. This fee, incorrectly confused with a tax, corresponds to 2.5 per cent of the value of property purchase transactions in the area, and must be paid in cash to the Companhia Imobiliária de Petrópolis, an entity administered by the descendants of the Petrópolis Branch. Otherwise, the buyer, who is responsible for paying the fee, will not receive the definitive deed for the property purchased. The ''laudemium'' is levied on properties in the 1st district of Petrópolis, the city centre, located in the area corresponding to the Fazenda do Córrego Seco. I ...
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