Reason by which you can buy nice properties for sale in costa del sol Spain
There isn´t a soul in the world who doesn´t welcome lower taxes – Marbella´s property owners are no exception.
Mayor Ángeles Muñoz announced a 10% reduction in the Property Tax known as Impuesto de Bienes Inmuebles (IBI) which owners are obliged to pay whether they are resident in Marbella or not.
IBI is calculated based on the catastral value of the property – an administrative value determined by the Town Hall that is usually lower than the market value, ranging from 0.4% to 1.1%.
Accompanied by Treasury Department coordinator Carlos Rubio, Mayor Muñoz explained that this decision to reduce IBI adds to the one adopted earlier this year, setting the new tax rate for 2015 at 0.88%, “well below the maximum required by law.”
Providing fuller details surrounding the popular move – it is, after all, eight months ahead of Municipal elections in May 2015 – the mayor, representing the state governing Partido Popular, said: “These types of measures are possible thanks to the management we have implemented over the past seven years, moving from a broken Town Hall administration to a healthy one with normalised accounts.”
Buyers build-in the IBI tax so, in effect, the reduction will allow 70% of the town’s homeowners to breathe easier knowing that from next year 52,222 properties will qualify for the reduced tax, while the remaining 16,399 owners will pay the same as this year’s current rate.
To show she put policy promises into practice, the mayor also announced the start of street remodelling works in Calles Padre José Vera and Acera de la Marina behind Marbella Maritime Club, with water supply improvements and street lighting renovations among other environment projects.
These initiatives fall within the framework Marbella Centre Plan, “with the objective of continuing to improve the infrastructure and aesthetics of the urban area with actions that benefit economic activity and dynamic commerce. It started with the recovery of nearly 7,700 square metres of Sports Marina Terraces – las Terrazas del Puerto Deportivo – and continued with the remodelling and improvement of Miguel Cano Avenue with Notario Luis Oliver Street currently in progress.”
Adding to the upbeat property and infrastructure news, the mayor attended the Fifth ‘Homage to Tourism and the Municipality’ – la V Moraga Popular – visiting beaches at La Venus in Marbella and La Salida in San Pedro Alcántara where she clearly enjoyed serving traditional fresh sardines and other succulent seafood to an appreciative audience.