Find out everything you need to know about a home's Cadastral Value on our blog. We hope you find the information useful.
A home's cadastral value
The cadastral value is an administrative value set objectively for each property, resulting from applying the valuation criteria in the relevant municipality's valuation report.
To determine a property's cadastral value, the following components are essentially considered:
- La the property's location, the planning circumstances affecting the land and its suitability for production.
- The cost of actually building the structures, the contractor's profit , professional fees y taxes levied on construction, the building's use and quality and the age , as well as the historic-artistic character or other features of the buildings.
- Los production costs y profit of the property development business, or the corresponding factors where there is no such development.
- The circumstances and market values, the value of the land, the value of the construction and production costs and profits of the property development business.
- El market value.
- Las reformas carried out by the City Council in the area.
As a general rule, the cadastral value of properties may not exceed their market value. To this end, a ministerial order has set a market reference coefficient of 0.5 when the valuation report is approved and comes into force. For properties with an administratively capped sale price, the cadastral value may never exceed that price.
Cadastral values can therefore be updated each year by applying coefficients approved by the relevant General State Budget Acts.
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How do you find out a home's cadastral value?
You can find out a home's cadastral value in different ways:
- On the receipt for the IBI.
- By requesting the information on the Cadastre website.
- By asking at the Tabacalera building in Gestrisam.
- Using a Digital certificate o el Electronic ID (DNIe) en la Online Office.
- Or at the regional Cadastre office in your provincia, by providing documents proving that you're the property's owner.
Home cadastral value
The cadastral value of homes in Málaga has changed a lot in recent years, especially in areas where the city council has carried out more works, leading to greater increases in home values.
Cadastral value in Málaga
Cadastral values in Málaga are set by Málaga City Council. In the rest of the province, they're set by the council where the home is located. Interestingly, Torremolinos and Vélez-Málaga have the highest IBI bills in the province.
How do you find out a house's cadastral value?
The cadastral value is shown on the IBI receipt, the purchase deed and the house's nota simple. If you don't have this information, you can look it up on the Cadastre website or go to your local council.
What happens if a home is sold above its cadastral value?
Selling above the cadastral value is completely legal: However, doing so will affect some taxes: the municipal plusvalía, which the seller must pay when selling above the cadastral value.
Home cadastral value online
You can find out a home's cadastral value online on the Cadastre website.
If you want to sell a home with us, visit our page Sell with Valoracasa or contact 695033558 o al Cruzhumilladero@valoracasa.es
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