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Benitatchell Lowers Property Tax and Boosts Road Funding

Benitatchell Lowers Property Tax and Boosts Road Funding

Benitatchell has reduced its property tax rate for the fourth time since 2019, decreasing the Impuesto sobre Bienes Inmuebles (IBI) from 0.80% to 0.75%. This decision, made on November 2, is part of a strategy to relieve financial pressure on homeowners following a property valuation update in 2024. The update adjusted taxable values, necessitating a reduction in tax rates to ease the burden on property owners.

Mayor Miguel Ángel García highlighted that the tax reduction aims to maintain municipal financial stability while ensuring continued investment in essential services and infrastructure. The Més Benitatchell group supported the latest cut, while RED Benitatxell chose not to vote. The adjustments are intended to mitigate the increased tax liabilities some homeowners faced due to the revised property valuations.

Alongside tax changes, the local government has allocated €420,000 for road improvements across Benitatchell. This investment, drawn from local resources, focuses on enhancing road conditions, which could make the area more attractive to property investors. By combining tax relief with infrastructure upgrades, the municipality aims to improve living conditions and potentially boost real estate interest in the region.

Based on reporting by Euro Weekly News

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