Tax Office Valuation

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This topic contains 4 replies, has 4 voices, and was last updated by Profile photo of Anonymous Anonymous 4 years, 5 months ago.

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  • #56890
    Profile photo of Anonymous
    Anonymous
    Participant

    Can anyone tell me if the Tax Office Valuation on a property is different or the same as the Cadestral Value? If a property is purchased at a much reduced amount than is advertised, the Tax Office can send a bill for the difference between what the property has sold for and what they think it is worth – therefore the Purchaser has not really bought a bargain! Is there a special name for their Valuation and is it possible to find out what it is prior to making an offer on a property? Thank you!

  • #110016
    Profile photo of Fuengi (Andrew)
    Fuengi (Andrew)
    Participant

    @Sarabellas wrote:

    Can anyone tell me if the Tax Office Valuation on a property is different or the same as the Cadestral Value? If a property is purchased at a much reduced amount than is advertised, the Tax Office can send a bill for the difference between what the property has sold for and what they think it is worth – therefore the Purchaser has not really bought a bargain! Is there a special name for their Valuation and is it possible to find out what it is prior to making an offer on a property? Thank you!

    Hi,

    cadastral value is used for the calculation. each townhall differs slightly in the mutiplier they use.

    You do not get a bill and have to pay the difference. you have to pay the difference the transfer tax that should of been paid (plus fine)

    example:
    you buy for 100.000€. 8% tran = 8.000€
    they say it should have been bought for 150.000€. 8% = 12.000
    You have to pay them the 4.000€ plus penalty

    Valuation needs to be done after signing. Should not have a variance of more than 10% of their figure though. If more they won’t accept it. Unless you can show that what you bought is worth substantially less than similar properties due to dilapidation, etc…

  • #110023
    Profile photo of Anonymous
    Anonymous
    Participant

    “Valuation needs to be done after signing.”

    Do you mean tax valuation ??? If yes than it is a bit late because the deed has been i.e. the price has been notorised & sign, sealed at the notary.

  • #110032
    Profile photo of Fuengi (Andrew)
    Fuengi (Andrew)
    Participant

    a property valuation. by TINSA, etc…

  • #110034
    Profile photo of Anonymous
    Anonymous
    Participant

    Talk about Kafkasque. =)

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