Montevideo will increase taxes on high-value properties

Montevideo will increase taxes on high-value properties

From the commune they established that by 2024 a reduction is expected that will include 70% of the registers. For its part, the new rate scale for calculating the suburban and urban contribution tax corresponds to a lower rate of 0.25% and a higher rate of 1.80%.

The complaint of the National Party

Against this, Javier Barrios Bovemayor for the National Party, described as “tax” to the contribution of high-value real estate and stressed that taxes are not reflected in the services provided by the Municipality of Montevideo. “The Intendancy proposed, in the last Accountability, to increase the last strip of the real estate contribution. From paying 1.4 the aliquot to 1.8. That was estimated to be between a 30% and 40% of the contribution”, he remarked.

“It has been detected, even in some cases reaching the fifty%, but also as a result of this that has become public, as a result of taxpayers beginning to receive the receipt, we have received complaints that what was established for clearer standards, higher value houses, is also happening in the middle class. A two-bedroom apartment on 18 de Julio and Tacuarembó went from 10,000 pesos to 17,000 pesosBove added.

Source: Ambito

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