Puerto Vallarta approves increase in property taxes

In an ordinary session held on Tuesday, the City of Puerto Vallarta, approved by absolute majority, the Municipal Income Law for the fiscal year 2020, which includes a 5 percent increase in municipal taxes.

The building agreement initiative presented by Mayor Arturo Dávalos Peña, which will be turned over to the Jalisco State Congress for final approval, estimates revenues of $1.5 billion pesos, about $67 million more than expected in the this year’s budget.

Dávalos Peña said that except for the general increase of 5 percent provided for in this law, no other increase in municipal taxes is considered, so only those who have more will pay more.

As for past due property taxes, the treasurer announced that a collection firm is being hired to recover these resources, which represent between 30 and 35% of the total properties in the city. Rodríguez Ramírez said that the percentage of past-due loans has been decreasing year by year.

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