Contribución de Valorización

santiagoqu

Senior Member
Spanish
De la página del Instituto de Desarrollo Urbano en Bogotá: "La Contribución de Valorización es un mecanismo de financiación de obras de interés público. No es un impuesto, es una contribución que tiene destinación específica para la construcción de un conjunto de obras determinado y la cual pagan los propietarios y/o poseedores de bienes inmuebles que son beneficiados por la ejecución de dichas obras, ya que da como resultado que los bienes inmuebles adquieran un mayor valor y el propietario y/o poseedor obtengan una mejor calidad de vida."

¿Existirá algún equivalente en inglés?
 
  • Joe Esquire

    Senior Member
    Spanish Spain- English US
    The term “betterment levies” is a World Bank generic term for different types of fees or taxes related to improvements. The term is not in use in the US in municipal/county development law. If it were of a recurring nature, it would be a “Special Assessment”, (resulting from the creation of a public utility related to the development, for example).

    The fact that it is paid by the developer does not change the nature or purpose of the fee: it is used to subsidize the construction of public services (bringing in a new water line, for example). In Colombia, the Contribución may be paid by the developer before or during construction of a building, and the cost passed to the ultimate buyers. Notwithstanding a possible overlap, my emphasis is that it is a one time fee, more closely related to an impact fee (the cost of extending a road) and not a recurring levy (tax).

    The marketing and framing of the concept to the taxpayer is also important: (i) in Colombia, being a relatively new concept, the framing is on the increase in value of the property affected by the service provided, (ii) in the US, it is framed as the additional municipal cost of providing the service. The first may appear more palatable, but in the end, it is about defraying municipal costs.

    Regards,

    JE
     
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