Costa Blanca News (North Edition) - - FRONT PAGE -

The IBI prop­erty tax will not be in­creased in 2017 for res­i­dents of San Vi­cente del Raspeig.

The an­nounce­ment was made ear­lier this week by town hall rep­re­sen­ta­tives, who ex­plained they will 're­duce the tax by 4% so that the bill re­mains the same' af­ter taking into ac­count the in­crease in the catas­tral value that has been put into ef­fect.

Even with the 4% de­crease, the town hall still ex­plained it will make €635,000 in re­la­tion to the IBI by prop­erly ap­ply­ing cur­rent rules and leg­is­la­tion, which will re­port­edly un­cover nu­mer­ous works per­formed dur­ing 2016 on town houses that had not been de­clared and had there­fore not been ac­counted for.

This is the sec­ond con­sec­u­tive year that such a mea­sure has been taken, af­ter ini­tial re­ports of a 10% IBI in­crease in 2016 were fi­nally shot down and the cost was main­tained at a sim­i­lar fig­ure as the pre­vi­ous year.

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