Santa Cruz de Tenerife is the cheapest city in Spain for car owners.
Santa Cruz de Tenerife has been recognized as the cheapest city in Spain to own a car due to its lowest vehicle tax.
Santa Cruz de Tenerife is the cheapest city in Spain to own a car! This data was published by the European Automobile Association (AEA). It turns out that the transport tax is the lowest here, even lower than in Madrid, Barcelona, or Las Palmas de Gran Canaria.
The study refers to the tax on vehicles (IVTM), which is also simply called the "car tax". In Santa Cruz de Tenerife, for a regular car with a power of 11.99 horsepower, you only need to pay 34.08 euros.
For comparison, in Las Palmas de Gran Canaria it will cost 56.57 euros, in Madrid - 59 euros, in Barcelona - 68.16 euros, and in San Sebastian as much as 87.93 euros! This is 158% more expensive than in Santa Cruz.
The AEA includes the capital of Tenerife in the group of Spanish cities with the most favorable conditions for drivers. Melilla, Ceuta, Zamora, Palencia, Badajoz, Caceres, and Jaen are also on the list.
The mayor of Santa Cruz, José Manuel Bermúdez, says that they will continue to work to ensure that the city has the lowest taxes in Spain. He believes that this makes Santa Cruz an attractive place to live, do business, and invest.
The financial advisor, José Alberto Díaz-Estebanes, added that low taxes are the result of their work to ease the financial burden on the city's residents.
The report also states that the vehicle tax brings local budgets in Spain about 4 billion euros annually. At the same time, tax rates can vary significantly in different cities, and many drivers try to register their cars where taxes are lower, such as in Santa Cruz de Tenerife.