2011 has seen a series of good news for Playa del Carmen real home buyers in terms of the financial management of the municipal government. These improvements can serve as a source of confidence for buyers that their property tax payments are going to good use – a fact attested to by a large number of recent infrastructure projects benefiting investors in Playa del Carmen homes for sale and other property types.
Most recently, Playa del Carmen’s recently sworn-in mayor Filiberto Martinez announced his commitment to working efficiently and “strengthening municipal administration,” specifically the Audit and Collections area of the municipal treasury. The process is starting with a renewal of the group of inspectors, bringing their operation to 100%.
This commitment follows closely on the raising of the municipality’s credit rating earlier this year as a reaction to the previous administrations efforts to improve collection methods and modernize budgeting practices, making spending practices more transparent and responsible.
These improvements offer benefits for those who invest in Playa del Carmen land for sale. The improved budgeting practices of the last administration have drawn more investment interest in the municipal government, and have guaranteed funding for large-scale infrastructure projects. A number of these projects, including an arch-road bypass which has opened up new commercial and residential areas in the west of the city, along with new land investment opportunities.
Another benefit for all property owners is that part of the improvement of the collection process has made paying property taxes (which tend to be very low) simple and quick; automated pay booths are located in the city hall as well as the Playa del Carmen’s 2 malls. Substantial discounts are also offered for early payments. There may be the possibility of online payment in the future.
The most recent changes are to offer direct contact for any concerns with trained personnel who know the procedures and rules. A group of trained staff will also have the task of implementing and enforcing laws and regulations governing the municipality, to provide a direct benefit for home owners and residents. A thorough inspection was carried out in early May 2011.
This progress in financial management in Playa del Carmen’s municipal government can serve as a source of confidence for real estate investors.
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