Saturday 22 June 2013

REDUCTION OF THE IBI (COUNCIL TAX) IN THE PROVINCE OF MALAGA.



A spokesman of the deputation (county council) of the Malaga province has made a statement that, the IBI (rates tax) is to be decreased and to be applicable in all the municipalities.  This initially sounds like good news.  Apparently austerity measures have allowed the council to apply these savings which will come into effect in 2014.
 
Pleased as one should be with the news, the reductions of between ten to fifty percent will only benefit those home owners whose valor catastral is calculated at one hundred thousand euro or less.  What appears to be a relief on our local tax burden will only bring help out a minority.  Take into consideration that a VPO property (social or council housing) valor catastral is calculated in excess of this figure, and we can surmise that the reductions will not apply to most homeowners

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