Town Income Increases Thanks to Property Taxes

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The housing booming and building constructions is history for Puerto Vallarta; but, however, the Office of Property Registration shows an increase in their income of approximately 10 per cent, during the last few years, when property registration accounts went from 80 to 90 thousand, informed Ricardo Martinez, head of the institution.

The growth, which distinguished Puerto Vallarta for some years, no longer exists; but there are new accounts due to housing developments are being regulated, and to the property deeds that were distributed by the National Agrarian Registry.

Another reason is that people are getting more conscientious about their obligations and report new constructions or any modifications done to their houses in a more spontaneous way. They also come voluntarily to pay their property taxes.

For the last few years, people have been aware of their obligation to pay property taxes because they see how it benefit them; they see their returns in transportation, street lights, patrol cars and many other public services.

Thanks to that awareness, funds collected from property taxes incremented and went from one hundred seventy five million pesos (more than twelve million dollars), to 185 million pesos (close to thirteen million dollars). People see the improvement in their neighborhood and on the roads. It is worth mentioning that the census has not yet been completed. Not everyone has been registered, stated the functionary.

At this moment, he explained, about 60 percent of all those that are registered, fulfill their obligations in time, which indicates that more and more people are becoming aware of their property tax responsibility. January and February are usually the months when more people pay. During those two months, a 15 % discount for “fast pay” is given.

For the month of March the discount is only 5 %. Besides those discounts, there is also a discount for disabled people, widowers and retirees; they get 50 % off their property taxes on the first two millions of the value, but only on the house they live in, and only for one property. People 60-64 years old, also have 50 % off on the first two millions of the value of the in which they reside.

From 75 to 79 years old, they get 50 % off and from 80 years on, the discount on their property taxes is 80 %. Ricardo Rene Rodriguez invited all citizens to approach the installations to fulfill their fiscal duties.

He also said they are trying to make it easy on people, therefore they have open different offices where people pay: downtown at the office of the town presidency, at the administration office, and there is a box at Unirse. People can also go to Las Palmas, Ixtapa, Las Juntas y el Pitillal. Payments can also be made on line through the Internet at www.PuertoVallarta.gob.mx There are plenty of places where payments can be made.

Ricardo Rene Rodriguez stated that some properties are being registered through of the program that was implemented to regulate housing developments. There is also some common land that need to be taken care of, and requires services because people are already leaving there; therefore they need security, garbage collections, etc.; but these people do not pay taxes. They should know and understand that they are not obligated to pay taxes on the land, but they should pay on what they have built on that land. It is very important to mention that even if it is common grounds, if they have built something on it, they are under the obligation to register and pay property taxes on whatever they built.

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