The Montevideo Municipality will lower taxes on 70% of estate, which will represent more than 300,000 accounts with properties that cost less than $160,000, the discounts can be consulted on the mayor’s website.
According to a statement from the Montevideo Municipalitystarting in January 2024 “the Real Estate Contribution Urban and Suburban to properties with a lower market value of approximately U$$ 160,000.” With this, more than 300,000 accounts will have a real estate discount.
The mayor’s office assured that it can be consulted from the website simulator to calculate the estimated reduction of the Real Estate Contribution, completing the field with the 2023 taxable value of the property. Also, it can be accessed by sending a message with the word simulator by WhatsApp at 099 019 500.
In that sense, they highlighted that on the back of the invoices an instruction was sent to access the simulator, as well as an email was sent to 60,000 taxpayers.
The proposal was presented at the end of July in the Accountability Report in front of the departmental councilors where the management balance During the year 2022, the budget opening for the period between 2024 and 2025 and the strategic objectives that the department owns.
Mauricio Zunino, director of Financial resources of the IM, assured that the reduction of property taxes in 2024 will be seen “in the registers located in the bands 1 and 2 of the real estate tax”. “Any property, located wherever it is, that meets the cadastral value, will have the advantage and benefit in terms of contribution,” established Zunino.
On the other hand, the director of Financial Resources explained that a increase in spending of 2 million pesos that would have the purpose of prioritizing the areas of the mayor’s policies such as ABC and ABC+ Plan, in charge of generating temporary 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 mayor’s office obtained a surplus in the last annual movement.
“The mayor gives a small surplus, but it is not enough to cover the large accumulated deficit that the mayor’s office has of more than 3 billion pesos. The numbers for the mayor’s office are satisfactory, but we still have a major problem in services and serious problems in terms of investment,” said the mayor for the National Party, Javier Barros Bove.
Source: Ambito
