Property owners in Mexico enjoy very low property taxes but that could soon change.
José Antonio Meade said property taxes achieve two important objectives: as a revenue source for municipal governments and as a tool for urban development.
He said the tax generates the equivalent of just 0.2% of Mexico’s Gross Domestic Product while in Latin America as a whole it represents 1.7%.
For member countries of the Organization for Economic Cooperation and Development the percentage rises to 2.2% and in the United States it’s 3.2%.
Ideally, he said, local governments could finance their requirements with their own income.
more recommended stories
Mexico celebrates Benito Juarez “The Lincoln of Mexico”
Benito Juarez’s birthday (March 21) is.
Presidential candidate José A. Meade warns about influence of organized crime in Mexican elections
One of the concerns for this.
K’u’uk: contemporary cuisine or pure alchemy?
Acknowledged at the Food and Travel.
Mérida, one of the best cities to live in Mexico (and the world)
Dan Prescher wrote an article for.
Hacienda Kancabchén: a call from a distant era just 15 miles away from Mérida
Hacienda Kancabchén maintains great part of.
Amazon launches new debit card in México
MEXICO CITY.- Banorte and Mastercard, together.
Over two thousand dogs and cats have been vaccinated in Valladolid
With the installation of seven locations.
Yucatecan pelicans and flamingos on the brink of becoming endangered species
“Pelicans and flamingos are some of.
Teacher Leaders Present an Innovative Blueprint for Relevant Learning in the Age of AI
What does the fourth industrial revolution.
New technology used in Yucatán to find people lost at sea
As part of a third aspect.