Politics · Mexico · 2 days ago

Mexico City says property tax will not rise in 2027

Mexico City says property tax will not rise in 2027

Mexico City head of government Clara Brugada says the city’s property tax will not increase in 2027.

The issue drew attention during debate over a proposed plan for the Mexico Valley metropolitan area and a recently approved cadastral law.

The metropolitan plan is meant to coordinate Mexico City, the State of Mexico, Hidalgo and Morelos on issues including water, transport and housing.

It does not have the power to set or collect taxes, and officials say it would not change property taxes or cadastral values.

The plan is still a draft and has not been approved; it is due to go through public consultation before any application.

Officials also say it will not immediately change land use or zoning.

Separately, a cadastral law approved by Mexico’s lower house on October 6 has been sent to the Senate for consideration.

What people are saying

I’ll be brief: Mexico City will not increase the property tax. Let that be very clear; don’t be misled.
Clara BrugadaMayor of Mexico Cityvia Infobae
There will be no property tax shock.
Alberto Vanegas ArenasPresident of the Metropolitan Development Commissionvia Infobae
There will be no immediate decisions arising from this programme to change land uses and zoning.
Enrique Irazoque PalazuelosHead of METRÓPOLISvia Infobae

Sources

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