The Government of Mexico City, through the Secretaría de Administración y Finanzas (SAF), has introduced new fiscal measures for 2025 aimed at supporting family economies and promoting sustainable public finances. Under the leadership of Clara Marina Brugada Molina, the initiative includes significant discounts on property taxes, water utility payments, and vehicle ownership taxes, particularly focused on vulnerable population groups.
These measures are implemented to provide relief for households facing economic challenges. Notably, there are discounts available for property taxes (Predial), with incentives for early payments: residents can benefit from an 8% discount if they pay their taxes by the end of January 2025 and 5% if paid by February. For individuals classified as vulnerable, including low-income seniors, single mothers, and individuals with disabilities, the government has established fixed bimonthly fees of just 65 pesos for properties valued at up to 2,702,787 pesos.
Beyond property taxes, the government will also apply substantial reductions for water rights payments. Homeowners belonging to vulnerable groups will receive interest credits of up to 50% on their bimonthly water payments. This effectively lowers the cost burden on those who may struggle to meet typical water utility fees.
Perhaps most noteworthy is the complete exemption from vehicle ownership tax (Tenencia) for individuals who meet specified criteria. If taxpayers pay the associated 731 pesos refrendo fee by March 31, 2025, they can have their vehicle ownership tax exempted entirely for cars valued at 250,000 pesos or less, taking depreciation and VAT (value-added tax) under consideration.
These initiatives are all part of the government’s broader effort to bolster the economic stability of families and create more inclusive financial policies. The government has explicitly stated its determination to provide support to those most in need, including seniors over 59 years, survivors from low-income households, pensioners, and dependents of deceased pension holders. The measures signify the city’s commitment to fostering equitable financial practices within its tax system.
To facilitate compliance with these measures, the SAF has made it easier for residents to pay their taxes. More than 8,800 payment points are accessible across the city, including banks, treasury kiosks, convenience stores, and major retail locations. Payments can also be made online, utilizing the official “Tesorería CDMX” mobile application or through the department’s digital portal. This extensive network ensures residents can conveniently meet their fiscal obligations without undue burden.
The city’s move toward these discounted fees and transparent payment options is undoubtedly influenced by the economic realities many residents face. The simplistic approach of offering fixed fees and discounts shows the government’s recognition of the economic strain caused by external financial pressures. This adaptable fiscal policy aims to alleviate some of the financial stress and facilitate broader participation among taxpayers.
Making these services accessible not only promotes fiscal responsibility but also reflects the city’s commitment to transparency. The measures announced will keep taxpayer resources efficiently managed and directed toward the welfare of the community.
These fiscal benefits are available only during the initial months of 2025, with key deadlines such as the March 31 cutoff for vehicle tax exemptions, and early payment discounts for property taxes valid throughout January and February. The government has encouraged residents to take advantage of these opportunities proactively.
This package of fiscal support demonstrates the City of Mexico’s commitment to inclusive economic growth and highlights its responsiveness to the needs of households struggling with financial pressures. With these initiatives firmly put forward, the local government aims to build stronger community ties by assuring residents they can count on support when they need it most.
These proposals reflect broader objectives, from promoting economic inclusion to ensuring the long-term sustainability of public finances. The 2025 measures, inspired by principles of transparency, aim to reinforce the government's proactive stance toward its citizens’ needs.
With these fiscal innovations, the Government of Mexico City not only offers immediate economic relief but also prioritizes the development of sustainable financial practices for the years to come, illustrating its commitment to responsible governance. These steps reinforce the belief within the administration: responsible financial practices can drive inclusive growth, instilling confidence among the populace and paving the way for stronger communities across the city.