Demri wins major appeal over Netanya development levy
An appeal decision could reduce the Nordau Max betterment levy from roughly NIS 93m to an estimated NIS 10–20m.
Published:
A Central District appeals committee accepted key arguments put forward by developer Y.H. Dimri concerning the betterment levy on the Nordau Max urban-renewal project in Netanya. The local planning committee had initially sought around NIS 93 million. According to 90FM, a ruling accounting for an exemption linked to protected rooms could reduce the expected levy to approximately NIS 10–20 million. This remains an estimate rather than a confirmed final payment. No verified evidence currently establishes a direct effect on apartment sale prices.
Source: 90FM, 13.10.2026.
Illustrative stock photo: Unsplash; not a photograph of this event.
A brief summary. See the original report for details and subsequent updates.
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