Montevideo will reduce taxes on 350,000 properties

Montevideo will reduce taxes on 350,000 properties

In the presentation of Accountability, it was ensured that the changes will be in force as of 2024.

The Municipality of Montevideo (IM) presented before the Departmental Board your project Surrender of counts which includes a proposal for real estate tax reduction to more than 70% of the register which will be effective from next year.

The Municipality of Montevideo presented its Accountability before the departmental ediles where the management balance sheet during the year 2022, the budget opening for the period between 2024 and 2025 and the strategic objectives of the department.

Mauricio Zunino, director of Financial resources of the IM, assured that the reduction of taxes on real estate in the year 2024 will be seen “in the registers located in the stripes 1 and 2 of the real estate contribution”. On the other hand, the official remarked that the contribution “does not have a specific specification by neighborhood, but by taxable value” which is less than $160,000.

“Any property, located where it is, that complies with the cadastral value, will have the advantage and benefit in terms of contribution,” Zunino established. On the other hand, the director of Financial Resources explained that a increase in spending of 2 million pesos that would have as a destination to prioritize the areas of the administration’s policies such as the ABC and ABC+ Plan, in charge of generating transitory employment and neighborhood strengthening programs.

The objections of the National Party

From the opposition, they assured that the resources should go to prioritize spending on the cleaning, mobility and building care of the city since the administration obtained a surplus in the last annual movement.

The administration gives a small surplus, but it is not enough to cover the large accumulated deficit that the administration has of more than 3 billion pesos. The numbers are closed to the mayor, but we continue with a big service problem and serious investment problems,” said the mayor for the National Party, Javier Barros Bove.

Source: Ambito

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