Chilean Finance Minister rejects mayors' plea to narrow property tax exemption for seniors

Chilean Finance Minister Mario Marcel has firmly rejected a proposal from a group of mayors seeking to reform the property tax exemption system. The mayors had advocated for a more targeted approach, suggesting the benefit be "focused" on seniors who genuinely require financial assistance, rather than a universal exemption.

Marcel, speaking during the second session of a technical dialogue table on a "mega-reform," emphasized that the universal exemption for property tax on primary residences for individuals over 65 is a non-negotiable commitment. He stated that this policy was part of his campaign platform and will be upheld.

The mayors, represented by the Association of Chilean Municipalities (AChM), had presented their case to Marcel, arguing that the current universal exemption causes significant financial harm to municipalities that depend on property tax revenues. They proposed redirecting the benefit to ensure it reaches those most in need, thereby alleviating the fiscal burden on local governments.