Politics·elDiario·54m agoSpain
Madrid Cuts Property Tax to Legal Minimum
IBI rate drops to 0.4% in 2027, saving €31 million
Neutral1 min readImportance
AI Summary
Madrid City Council approved cutting the IBI property tax to 0.4% for 2027, the legal minimum in Spain, reducing revenue by about 31 million euros versus this year's 0.414% rate.
Keywords
MadridIBI property taxJosé Luis Martínez-Almeidatax reductionmunicipal revenue
