Transcript Diapositiva 1

Western maquiladora trade
association
January 2011
property tax changes 2011
Adrian Ocampo
background.
• Property tax is a local contribution that the city imposes
to its residents based on the property of land.
• This past years 2009 to 2011 their has beean changes to
the law that have trigered discontent and litigation.
• The city must pay an important debt left by the previus
administration.
Background property tax
Property tax is city tax determined by the
multiplication of the combined base of land and
building :
100 % land value
+ 10% Construction Value.
Property tax base X tax Rate each year.
Background property tax
Land Value.
Land Value is determined by the size of
the property and a list of values per
square meter that the city determines
and must be applied to different parts
of the city.
Construction Value is determined by the
following table:
Construction Value matrix for
industrial properties 2011
Condition on Building.
• Construction
» Great
•
•
•
•
Superior 2,890
Medium 2,551
Economic1,737
Value
1,078
Good Regular
Bad
Worse
2,497
2,204
1,501
931
1,015
896
610
379
384
339
231
143
2,053
1,813
1,234
776
It is not easy to determine the value!
Tijuana property tax rate
• Type of Building
•
•
•
•
•
•
•
•
Industrial
(Maquiladora Plant)
No building (Vacant lot)
Under 300 sq mters.
300 to 500 sq mters.
Over 500 sq mters.
2009
2010
2011
6.85
7.40
7.40
6.0
6.5
7.0
6.48
7.02
7.56
7.0
-
Background property tax
Land Value.
An very important issue to consider is
that if the taxpayer is not happy with
the value determination that the city
makes it must present a petition before
the tresury to obtain an adjusted rate.
This is especialy important because the
city gives discounts during January
and February to pay the tax.
Background property tax
Land Value.
Because the value of the property is so
subjective some taxpayers in the past
have litigated the property tax and
obtained refund on this issue.
Our firm can help with the determination
and refund if applicable.
Thank you very much
Lic. Adrian G. Ocampo
www.ocampo.biz
[email protected]