Archive: 5/27/2014
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  5/27/2014, Iyar 27, 5774

Jerusalem Won't Raise Property Tax for Businesses


Mayor Nir Barkat of Jerusalem told the Knesset Economic Affairs Committee, Tuesday, "The property taxes for businesses in the city will not rise." Addressing a special session on business development and business centers in the capital ahead of Jerusalem Day, he said, "We even sought to bring the property tax on businesses down 20 million shekels." 

Responding to a question by Member of Knesset Nahman Shai (Labor), Barkat said reports of an increase in the tax were incorrect and irresponsible. He said the property tax in general would not rise above the rate allowed by law.