Property tax is lowered in Torrevieja

Good news for the home owners in Torrevieja.

The IBI tax is on the 5th year in a row on the way down. The town hall will give homeowners more room in their economy, compared to hard times in the property market for sellers. Originally, the tax was 0.8%, while it has now fallen to 0.462%. New build in Torrevieja, will make it out for the losses of the present IBI tax.