Cartagena’s City Council has officially approved its Fiscal Ordinances for the years 2025 to 2026, maintaining a freeze on residential property tax, known as IBI, for another year. This decision secures financial stability for homeowners throughout the municipality, including areas such as La Manga del Mar Menor and Isla Plana, with exceptions made only for high-value undeveloped urban plots. The tax freeze comes as the council resolves a €4.9 million gap from last year caused by delayed state transfers.

In addition to the residential tax freeze, the council is intensifying its business incentives to encourage investment and job creation. This includes tax rebates of up to ninety-five percent on construction permits and fifty percent on business activity tax for new businesses and freelancers. Such measures are designed to foster a robust economic environment in Cartagena and support local entrepreneurship.

Furthermore, the new ordinances offer enhanced IBI discounts for families, with up to ninety percent available for special-category families, as well as bolstered support for coastal hotels and relief on heritage transfer taxes. This comprehensive package aims to balance tax relief for residents while simultaneously promoting growth in the wider region.

The initiatives introduced by Cartagena’s City Council serve as a testament to their commitment to ensure both the well-being of residents and the economic prosperity of the community, paving the way for further growth and development in the coming months.