By Euro Weekly News Media • 15 July 2015 • 14:04
RESIDENTS in Torremolinos will have to continue paying Spain’s highest property tax for a few more years, despite previous promises to reduce it.Tax payers in the town will have to pay the same amount of IBI that has been established since 2006: 1.16 per cent, the maximum fee that is permitted by law.The current local government led by the Socialist Jose Ortiz, explained in a press conference that a modification aimed at reducing the IBI to 1.06 per cent presented by the former government team (PP) back in November will not be carried out due to budget issues.“Torremolinos will be one of the municipalities in Spain with the highest IBI tax, and we at the Council cannot do anything to avoid it,” said Economy and Finance Councillor, Pedro Perez.He then added that the Council will contribute €5.6 million to aid families with IBI payments, a 5.6 per cent increase on before.Early payment of the IBI can be made now and will be open until October 15. Until September 11, residents can apply for IBI grants.
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