Reduction of Property Tax in Light of the COVID-19 Pandemic

Tax Attorney Maria Kamila Pineda published an article in Asuntos Legales of the newspaper La República calling for a reduction in property taxes in light of the effects of the COVID-19 pandemic. Typically, these taxes are calculated based on the value of a property on January 1. However, many property values have dramatically decreased since the onset of the pandemic. In her article, Ms. Pineda explains why a reduction is necessary and what legal steps should be taken to implement it.

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