Almeida bajará el IBI al mínimo legal en 2027, con un ahorro de 31 millones para los madrileños

The mayor of Madrid, José Luis Martínez-Almeida, has announced the final and definitive reduction of the Property Tax (IBI) to its legal minimum of 0.4% in 2027. This reduction will save Madrid residents a total of 31.2 million euros over the past six years. The IBI in Madrid stood at 0.51% in 2019, and the new reduction will bring it in line with Zaragoza and Santander, which currently have the lowest IBI rates in Spain.

The mayor confirmed that further reductions are not possible due to the Local Finance Authorities Law, which prohibits the IBI rate from falling below 0.4%. With this latest cut, Madrid will now have one of the lowest IBI rates in the country, significantly lower than the national average of 0.66%. The reduction will affect 2.2 million taxpayers, primarily residential properties (1.53 million) and commercial properties (93,546).

The IBI reduction is part of the municipal government's tax measures, which have already saved over 1.565 million euros since 2019. However, in 2025, a new waste collection fee was introduced, causing controversy and later being deemed illegal by the Madrid High Court. In 2027, Madrid residents will still pay the waste collection fee, but with a redesigned tariff incorporating new parameters to improve equity and legal security.