Town Hall to Decrease I.B.I. Tax

Not only are the Town Hall planing to reduce the I.B.I. by 8% they are also planning to reduce the rate of Plusvalia by 60%. Reducing the current rate of 30% to 12%. Estepona has one of the highest I.B.I. costs on the Costa Del Sol due to the fact that the Town Hall re-evaluated the property prices in 2007 at the height of the property boom. It is envisaged that the Town Hall will be in a position to lower the I.B.I. tax again in the coming years.