Mexican householders pay an annual actual property tax, often called predial, to their native municipality. This tax relies on the assessed worth of the property, which considers elements like location, measurement, and development supplies. Whereas distinct from property taxes in different international locations like the USA, it serves an analogous operate in funding native authorities providers.
Municipal income derived from this tax is essential for funding important public providers reminiscent of infrastructure upkeep, sanitation, public security, and group improvement. The tax’s constant assortment ensures the monetary stability and operational capability of native governments to offer these very important providers. Its historic context is deeply rooted in Mexico’s system of municipal governance, offering a secure income stream for native authorities.