The mayor of Monterrey, Adrián de la Garza, proposed an adjustment in the collection of property taxes in the city, with the aim of improving the quality of life in the neighborhoods. This measure, if approved, would directly impact various sectors of the population, such as single mothers, widows, people with disabilities, retirees with incomes under 9,000 pesos per month, properties valued below 6 million pesos, and properties of certain sizes yet to be defined.
De la Garza emphasized the importance of keeping cadastral values updated, as a backlog in this area can affect the city's receipt of federal participations, which are assigned according to the efficiency in the collection of local taxes. The mayor pointed out the need to carry out this update responsibly, avoiding harm to the most vulnerable sectors.
Specifically, De la Garza announced that the average adjustment of the property tax for residences in Monterrey would be 29%, and for commercial areas, it would be 30%. If the proposal is approved, a 22.5% discount will be applied to those citizens who fulfill their tax obligations in January.
The project to adjust the property tax was presented during the second Cabildo Session of October, and if approved, it would be allocated to improving the infrastructure of Monterrey's neighborhoods, including residential areas, parks, plazas, and urban equipment. Additionally, there will be efforts to update the foundations for subsidizing the most vulnerable population and ensure that tax adjustments do not negatively impact these sectors.
De la Garza mentioned that agreements are being established with commercial banks to allow citizens to access interest-free credits and fees so they can meet their property tax payments. The ultimate goal of these measures is to provide support to economically vulnerable areas and ensure that all citizens fulfill their tax obligations in a timely manner.
