Mayor Luksic backs property tax exemption for seniors over 65

Huechuraba mayor Maximiliano Luksic backed the property tax exemption for first homes of those over 65, while calling for a Senate amendment so those with means still pay.

Luksic said Tuesday he agrees with exempting seniors from property taxes. He added that the Senate should include an amendment ensuring those who can pay continue to do so.

The mayor warned of an impact on Huechuraba municipal revenues amounting to 1.2 billion pesos. He noted homes once valued at 5,000 UF now reach 12,000 UF without owners necessarily having greater payment capacity.

Luksic proposed freezing the contribution amount at the time of property purchase. He also stressed that the executive branch must take municipal views into account when making decisions.

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Chilean government officials meeting to discuss property tax exemptions in a reconstruction megareforma.
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Government closes door to targeting property tax exemptions in Megareforma

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Representatives of the Chilean Association of Municipalities met on Thursday with Finance Minister Jorge Quiroz and other Executive members to discuss the national reconstruction Megareforma.

A cross-party group of mayors will arrive at Congress on Monday to meet Senator María José Gatica and discuss the property tax exemption included in the megareform.

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Minister Jorge Quiroz's proposal to compensate municipalities for property tax exemptions for older adults caused divisions among mayors on Thursday. Opposition mayors criticized the formula as unfair, while the Senate postponed the vote until August 4.

The team of president-elect Abelardo De La Espriella rejected the tax reform from outgoing president Gustavo Petro's administration. The measure seeks to raise 21.9 trillion pesos in 2027. The new government pledged fiscal discipline starting August 7.

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The Chilean Senate approved the National Reconstruction bill in the early hours of Thursday, sending it to the Chamber of Deputies. The initiative includes tax stability for large investments and passed with 26 votes in favor and 24 against.

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