IBI percentage of Valor Catastral

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peteroldracer
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IBI percentage of Valor Catastral

Postby peteroldracer » Fri Jan 18, 2013 1:27 pm

I have searched diligently as I am sure I have read it here, but cannot find how to find out what % of the Valor Catastral is applied in my district - Comares.
The man from Hacienda who came November 2011 has now sent the new valuation promised for 'a couple of months' and I am trying to see how much I will have to pay.
It does say that the catastral records have been amended as from 2nd December 2011, so they appear not to be going back as far as I feared!
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Re: IBI percentage of Valor Catastral

Postby chrissiehope » Fri Jan 18, 2013 2:45 pm

Found these on a thread about CGT - don't know if they'll do what you want :? :D

http://www.juntadeandalucia.es/economia ... Urbana.jsp

http://www.juntadeandalucia.es/hacienda ... -02-12.pdf

PS I'll be sending you a PM in the next day or so - shed update !!!! :lol:
Alexandr for President (Squire for PM !)

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Re: IBI percentage of Valor Catastral

Postby peteroldracer » Fri Jan 18, 2013 7:04 pm

Our Brit councillor has just told me the rate is 0.9 € per 1000€ valor catastro - not too painful thank goodness!
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Re: IBI percentage of Valor Catastral

Postby El Cid » Fri Jan 18, 2013 7:13 pm

peteroldracer wrote:Our Brit councillor has just told me the rate is 0.9 € per 1000€ valor catastro - not too painful thank goodness!
It is usually expressed as a percentage - ie. €0.9 per €100 of value. Ours is 1.1%.

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Re: IBI percentage of Valor Catastral

Postby gerryh » Fri Jan 18, 2013 7:33 pm

Not sure if I should be worried but according to my latest IBI bill my Valor Catastral, revised in 2008, is only 7,382.01.
The multiplier, for Velez Malaga, is 1.1 so value of my house, including land, is €8,120.21
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Re: IBI percentage of Valor Catastral

Postby peteroldracer » Fri Jan 18, 2013 7:41 pm

It isn't the value of your house that changes using the multiplier (AFAIK), but just a way of working out your annual IBI. So your valor of 7,382.01€ x 1.1% gives you an IBI of 81.20€.
The valor catastro of your house will be increased each year by 2% under current rules, so next year you will pay 7529.65 x 1.1% = 82.83€. This assumes that the rate stays the same, and that no revaluations take place.
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Re: IBI percentage of Valor Catastral

Postby gerryh » Fri Jan 18, 2013 7:46 pm

now I'm totally confused.
My IBI bill was only €33.54
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Re: IBI percentage of Valor Catastral

Postby peteroldracer » Fri Jan 18, 2013 8:01 pm

Comares is about to bring in a 20% discount for those paying by Direct Debit - as long as the valor is less than 200,000€ (!) and no-one in the house earns more than 18k€. Maybe there is a similar but more generous scheme for Velez?
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Re: IBI percentage of Valor Catastral

Postby Free at Last » Fri Jan 18, 2013 8:31 pm

According to today's Diario Sur, Velez is to ask for catastral values here to be reduced from next year, as they have been increasing by 10% per annum since the last revision was done in 2007, and in many cases the catastral value of properties now exceeds their market value. I'm not holding my breath!




http://www.diariosur.es/v/20130118/axar ... 30118.html

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Re: IBI percentage of Valor Catastral

Postby El Cid » Fri Jan 18, 2013 10:17 pm

Our valor Catastral is about 45000. The rate is 1.1% so we pay about €460. The house, even at today's low values is worth at least 10x that so it seems like a reasonable figure.

As I understand it our rate of 1.1% is the highest that is allowed but our cat value is very low. Clearly the next thing they will do is revise the cat values.

One other advantage of this crazy situation is that the value of the house for IHT and other taxes etc. is ridiculously low.

But then other areas have entirely different values and percentages to the extent that the tax value of the house is way above the market value.

It's a crazy situation.

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Re: IBI percentage of Valor Catastral

Postby peteroldracer » Fri Jan 18, 2013 11:42 pm

I've just had confirmation that the 20% discount is only for people signed onto the Padron - quite rightly in my view.
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Re: IBI percentage of Valor Catastral

Postby Marina » Sat Jan 19, 2013 7:08 am

But then other areas have entirely different values and percentages to the extent that the tax value of the house is way above the market value.
This is the problem we have and it is blocking the sale of the house. The value is almost double what we can get for the property and our buyers, quite rightly, don't want to pay purchase tax on double the cost of what they are buying.

It is a nightmare situation that could cause us to lose the sale.

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Re: IBI percentage of Valor Catastral

Postby Parilla » Mon Jan 21, 2013 8:04 am

I'm confused, can anyone throw some light ?

My IBI bill shows three separate values, the VC "suelo" and the VC "construccion", which together make up the third value, the Valor Catastral. But, the IBI due is not based on any of these three values. To arrive at the IBI due, the multiplier is applied to an entirely different value which doesn't seem to relate in any way to the other three, called the "BASE LIQUIDABLE".

It's not a problem, I pay whatever amount of IBI is asked for, I just like to know how things work.

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Re: IBI percentage of Valor Catastral

Postby Marina » Thu Feb 14, 2013 11:37 am

Just to let you know that miracles do happen. Our fiscal value has been reduced!

If anyone is in the same position it is worth appealing. We needed an up to date valuation of the property and a signed sales contract.

The value hasn't come down quite as far as we would have liked but is is a vast improvement and it is enough that our sale can now go ahead, after what has been a very stressful four months. :D

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Re: IBI percentage of Valor Catastral

Postby Colinm » Thu Feb 14, 2013 12:30 pm

That's great news Marina! We hope everything goes ahead smoothly. :D
don't forget our offer still stands, if necessary! :shh:
ádh mór ort agus sláinte.....
(Good luck and good health)!

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Re: IBI percentage of Valor Catastral

Postby fincalospinos » Thu Feb 14, 2013 3:11 pm

Great news Marina, I expect the vino will be flowing tonight !!
Hardworking resident !!

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Re: IBI percentage of Valor Catastral

Postby Marina » Thu Feb 14, 2013 7:25 pm

Oh yes, the wine will be flowing! :D

That's really kind of you Colin, thanks. I'll let you know how we get on.

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Re: IBI percentage of Valor Catastral

Postby Julie » Thu Feb 14, 2013 11:20 pm

So pleased for you Marina :)
No soporto ver la casa sucia, ahora mismo me levanto y apago la luz.


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