The Madrid City Council's Governing Board has today taken a significant step by launching the processing of the 2026 tax ordinances. This initiative contemplates a new reduction in taxes and fees, allowing Madrid residents to pay 33.5 million euros less than in 2025. The measure is part of the ongoing commitment to reducing the tax burden, which has already included several tax cuts in recent years.
A key component of this strategy is the new reduction in the IBI tax rate, which will benefit more than 2.2 million properties in the Spanish capital. This reduction in the IBI not only relieves the financial burden on property owners, but it is also expected to have a positive effect on the local economy by increasing the purchasing power of Madrid residents.
The municipal authorities have stressed that this effort to make the tax burden on citizens more bearable seeks to stimulate economic growth and attract new investments. Moreover, the measure is seen as a way to recognize the sacrifices that the inhabitants of the city have endured during difficult economic times.
This proposal for tax ordinances, which is now entering a period of processing and review, also reflects the City Council's approach to a more efficient administration and closer to the interests of the citizens. Although there is still a long way to go before its implementation, the intention to maintain financial stability while tax obligations are eased is clear.
With this new tax cut, municipal authorities not only seek to directly benefit citizens, but also reinforce their commitment to responsible and equitable economic management. In the coming months, it is expected that the debate surrounding these measures will continue, involving various political and social actors in the process of approving and implementing the new tax ordinances.
