During the scheduled hearing today in the Finance Committee, the committee members were expected to approve an amendment that would allow a hike in property taxes. Shortly before the hearing began, the chairman of the Committee notified everyone of the cancellation of the plan, thus preventing the approval of such a proposal that was led by the Minister of Finance. “There is still no formula that would be acceptable to all,” said Slominski in the opening of the meeting.








The plan to raise property taxes was stopped by Finance Committee Chairman Nissan Slominski.

The plan to raise property taxes was stopped by Finance Committee Chairman Nissan Slominski. Photo Credit: Yossi Zilberman, Channel 2

Chairman of the Finance Committee, MK Nissan Slominski from the Jewish Home Party, decided at the last minute to cancel an expected approval by the Finance Committee today of an amendment that would allow the property tax rate to increase.

The ultimate goal of the amendment was intended to allow for taxation on  balconies, parking lots and other common areas of residential and non-residential buildings. The Finance Committee was scheduled today to give approval to local authorities to change the prescribed property tax calculation methods that have been in place since the 1985.

During the opening of the Finance Committee meeting, MK Slominski announced the need to find another formula than what is currently being proposed. He explained that “there is still no formula that would be acceptable to all.”

 

“The criterion have not been updated since the 50s.”

“The Minister of the Interior and the Finance Minister did not want to raise property taxes, and of course I’m not,” stressed Slomiansky . The hearing was set for today as part of a plan from a government decision last May on “increasing fiscal stability in local governments,” and thus improving their respective economic situations.

The legislative amendment that was to be proposed would allow municipalities to collect property taxes worth thousands of shekels on such things as stairwells and parking, subject to the approval of the Finance and Interior Ministers. Slomiansky decided to postpone the hearing at the request of Interior Minister Gidon Sa’ar. A source in the Ministry of Finance explained that the proposed change is not about giving approval for an increase in property taxes, but rather on updating criterion that “have not been updated since the 50s”