How is IBI Tax calculated?

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It is the town council which sets how much IBI tax is paid. The official tax value of the property or cadastral value, which is based on the value of the plot of land where the property is together with the value of the building itself, is taken into account together with an applied rate which goes from 0.4% to 1.3% for urban properties, and it depends on each town council.

The cadastral value can be checked on the IBI receipt. It is set by ‘Catastro’, a nation-wide agency which belongs to the Tax Office (AEAT) and it deals with properties areas and values.

The cadastral value takes into account:

  1. The location of the property.
  2. The market value.
  3. The taxes which were levied for the building of the properties.
  4. The quality of the building.
  5. How old the property is.

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