tax cut
Estepona City Council Enacts Groundbreaking Tax Reduction: Residents Save 7 Million Euros
The property tax (IBI) bills have been cut by an average of 50%, with services being enhanced and investments increased following the achievement of ‘zero debt.’ Estepona City Council is building on its strongest economic indicators ever after eliminating its debt a year ago. With over 300 million euros paid off, the City Council now…
Estepona City Council Celebrates First Year Debt-Free with Record Economic Success
Estepona’s City Council has transformed from one of Spain’s most indebted municipalities to a national model of financial stability. They achieved this by paying off 300 million euros in debt inherited from the previous administration, thanks to responsible fiscal policies and efficient use of resources. As a result, residents now benefit from improved services and…
Estepona’s Latest Municipal Budget with Major Tax Cut Now in Effect
The Mayor, José María García Urbano, highlights that the 2026 city budget marks a significant milestone by being the first in 15 years without the need to allocate funds for past debts. The Estepona City Council has announced that the new Municipal Budget, totaling 132 million euros, has come into effect on January 1. This…
Estepona’s City Council Plenary Ratifies 2026 Budget with Record Tax Cut
The final approval of the municipal accounts has been granted, totaling 132 million euros, with a 6.6 million euro reduction in the Real Estate Tax (IBI) and over 27 million euros allocated for productive investments. This budget marks a significant milestone as it eliminates the need to address the over 300 million euros of inherited…
Estepona City Council pays off 300 million euros debt and implements major tax reduction
The City Council of Estepona has achieved a significant milestone by completely paying off the accumulated debt of more than 300 million euros. This achievement has led to the implementation of the largest tax cut in the city’s history, with an average reduction of 20% on the Real Estate Tax (IBI) bills for the year…