Finance Committee postpones meeting to change property taxes

January 7, 2014 23:15


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

Knesset Finance Committee chairman MK Nissan Slomiansky (Bayit Yehudi) on Tuesday postponed a hearing that would change the way property taxes (arnona) are calculated in some municipalities. The changes could lead to spikes in some locales.

Slomiansky cited ongoing disagreements with Finance Minister Yair Lapid and Interior Minister Gideon Sa’ar over the issue.

According to Globes, the legislative amendment in question would allow municipalities unable to raise property tax on the basis of balconies, parking spaces and common areas in apartment buildings to do so, provided they receive a waiver.

Municipalities that want to lower their property taxes could also receive permission to remove those items from taxation.

The change would be the first update to arnona calculation since 1985.

Following a 2013 law, financially sound municipalities can raise property tax 0.3 percent in exchange for loaning cash to the government.

The Manufacturers Association of Israel campaigned against high arnona rates, saying businesses could not afford the additional costs.

Globes contributed to this report.

Related Content

Breaking news
August 18, 2018
U.N. chief suggests options for improved Palestinian protection