Valor Catastral and Value of Property

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    • March 30, 2008 at 11:38 am #53812
      Anonymous
      Participant

      Is there a relationship between the valor catastral of a property and the value of a property?

      If so, does if vary from area to area?

      How can I find out?

    • March 30, 2008 at 7:04 pm #80364
      Anonymous
      Participant

      To the beast of my knowledge no. BUt Spain being Spain even the Pope cannot confirm this.

    • March 31, 2008 at 5:31 pm #80389
      Anonymous
      Participant

      “Cadastral value or Tax value” is an assessed value placed on taxable property by the Spanish HM Revenue & Customs for ad valorem tax purposes at the request of the Town Hall and it is revised each 10 years
      Municipal Property Tax IBI, Municipal Urban Land Gains Tax, Income tax, Capital tax, Succession, Gift and Property Transfer Tax, all theses taxes are based in this value which is lower than the market value

      “Valor de tasación” or appraised value is used by the banks in order to appraise a property when they are lending money and it is necessary fixed by a qualified company, architect or architectural engineer. This value could be lower or higher than the market value

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