CADASTRAL VALUE-VALOR CATASTRAL – WHAT IS AND HOW IS IT CALCULATED

CADASTRAL VALUE-VALOR CATASTRAL – WHAT IS AND HOW IS IT CALCULATED 2000 1315 admin_jdn

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The “Catastral Value” is a very important value which is calculated by the administration in each real estate in Spain. It is used to calculate Spanish tax like the IBI (Council Tax), and the IRPF (Income Tax), and others, as well as to calculate the FISCAL VALUE of the property in case of sales, for example. (Click here to see how the Fiscal Value is calculated)

The way in this is created is using by a process of evaluation made in each individual Town Hall/Municipality. This process is called “Ponencia de Valores”.

The “Ponencia de Valores” (PV) is the list of values for each individual real estate placed in the Municipal territory, and it is made by the Town Hall in conjunction with the Catastro office from the Province when:

  • There is a new General Plan or any other planning development instrument approved
  • There is a drastic alteration of the real estate market

The PV contains also the different criteria used by the administration to make the evaluation, taking into account:

o The exact location of the property and the urbanistic considerations and equipment on the environment.

o The theorical costs from the materials used in the different constructions, fees from builders, electricians, and other professionals used in the construction process, etc,

o Market circumstances

In general, the cadastral value of real estate may not exceed the market value.

So, when there is a PV approved, then it is considered that the Cadastral Values for all the properties in the area are “reviewed/modified” (in Spanish “revisados”).

In the Valencia/Murcia region, the Town Halls that have “reviewed” the Cadastral value in the recent years 2008-2018

UPDATE OF CADASTRAL VALUES:

Cadastral values ​​can be updated annually by applying coefficients approved by the corresponding General State Budget Law (“Ley de Presupuestos Generales del Estado”)which is approved every year by the government. This decision “increases” or “reduces” the cadastral values of the properties in a determinate municipality by direct decision by the government.

The way in which this is done is assigning a determinate “coefficient” to the Cadastral value of the property.


Example: If the decision of the Government in 2019 is to increase the values of the properties in, for example, Benidorm, with a 10 %, then, they may include in the «Ley de Presupuestos» a coeficient  of 1,1 in order to increase the values of the Benidorm’s properties.

So, in a particular property with assigned Cadastral Value 35.000 EUR, then, the value can be increased a 10 % instructing to apply the formula: 35.000 *1,1 (coeficient for Benidorm) = 38.500 EUR. So, although the cadastral value of the property will be always 35.000 EUR (till this is not reviewed using the PV instrument), the «updated» value for the year 2019 will be 38.500 EUR. This last value will be the one to be used in the calculation of the different taxes in Spain.


You may consult which is the “coefficient” assigned to your municipality from the official Catastro site: http://www.catastro.meh.es/esp/coeficientes_ponencias.asp

In December 2017, the Spanish Government, in the last Spanish “Ley de Presupuestos”, updated the cadastral values ​​in more than 1.800 municipalities:

MUNICIPALITY PROVINCE REVISION

YEAR

ACTUALISATION VARIATION
Alcoleja Alicante 2011 0,97 -3%
Alfafara Alicante 1989 1,05 5%
Algorfa Alicante 1995 1,03 3%
Almoradi Alicante 2008 0,97 -3%
Almudaina Alicante 1990 1,03 3%
Balones Alicante 1990 1,03 3%
Benasau Alicante 1990 1,03 3%
Benifallim Alicante 1990 1,03 3%
Benilloba Alicante 1990 1,03 3%
Benillup Alicante 1990 1,03 3%
Benimassot Alicante 1990 1,03 3%
Facheca Alicante 1990 1,03 3%
Famorca Alicante 1990 1,03 3%
Gaianes Alicante 1989 1,05 5%
Gorga Alicante 1990 1,03 3%
Ibi Alicante 2005 0,97 -3%
L’Alqueria D’Asnar Alicante 1989 1,05 5%
Millena Alicante 1990 1,03 3%
Mutxamel Alicante 2010 0,97 -3%
Ondara Alicante 2013 0,93 -7%
Onil Alicante 2008 0,97 -3%
Orba Alicante 1990 1,03 3%
Penaguila Alicante 1990 1,03 3%
Polop Alicante 2000 1,03 3%
Quatretondeta Alicante 1990 1,03 3%
Senija Alicante 1985 1,05 5%
Teulada Alicante 1996 1,03 3%
Tollos Alicante 1990 1,03 3%
Villajoyosa / La Vila Joiosa Alicante 2006 0,97 -3%
Alfondeguilla Castellón 2010 0,97 -3%
Benafer Castellón 2010 0,97 -3%
Benicasim / Benicassim Castellón 2007 0,97 -3%
Castello De La Plana Castellón 2012 0,93 -7%
Chovar Castellón 1988 1,05 5%
Coves De Vinroma Les Castellón 1990 1,03 3%
Culla Castellón 1989 1,05 5%
La Salzadella Castellón 2009 0,97 -3%
La Vall D’Uixo Castellón 2008 0,97 -3%
Lucena Del Cid Castellón 2007 0,97 -3%
Matet Castellón 2012 0,93 -7%
Moncofa Castellón 2011 0,97 -3%
Pina De Montalgrao Castellón 2012 0,93 -7%
Sant Jordi/San Jorge Castellón 2006 0,97 -3%
Tirig Castellón 1989 1,05 5%
Torreblanca Castellón 2011 0,97 -3%
Traiguera Castellón 2007 0,97 -3%
Vilanova D’Alcolea Castellón 1990 1,03 3%
Vistabella Del Maestrazgo Castellón 2011 0,97 -3%
Ador Valencia 2007 0,97 -3%
Aielo De Rugat Valencia 2011 0,97 -3%
Alcublas Valencia 2010 0,97 -3%
lfafar Valencia 2006 0,97 -3%
Alfarrasi Valencia 2008 0,97 -3%
Algar De Palancia Valencia 2007 0,97 -3%
Almoines Valencia 2001 1,02 2%
Anna Valencia 1994 1,03 3%
Antella Valencia 2013 0,93 -7%
Aras De Los Olmos Valencia 2005 0,97 -3%
Belgida Valencia 2013 0,93 -7%
Bellreguard Valencia 1997 1,03 3%
Benageber Valencia 2006 0,97 -3%
Benaguasil Valencia 2009 0,97 -3%
Benetusser Valencia 2009 0,97 -3%
Benicolet Valencia 1994 1,03 3%
Benimodo Valencia 2006 0,97 -3%
Benimuslem Valencia 2012 0,93 -7%
Beniparrell Valencia 2008 0,97 -3%
Benissuera Valencia 1994 1,03 3%
Bocairent Valencia 2013 0,93 -7%
Carcaixent Valencia 2012 0,93 -7%
Carlet Valencia 2009 0,97 -3%
Castielfabib Valencia 2013 0,93 -7%
Catarroja Valencia 2003 1,02 2%
Cheste Valencia 2006 0,97 -3%
Chiva Valencia 2013 0,93 -7%
Chulilla Valencia 2008 0,97 -3%
Cofrentes Valencia 1990 1,03 3%
Daimus Valencia 2000 1,03 3%
El Puig De Santa Maria Valencia 2008 0,97 -3%
Estivella Valencia 2012 0,93 -7%
Fontanars Dels Alforins Valencia 2013 0,93 -7%
Fortaleny Valencia 2011 0,97 -3%
Fuenterrobles Valencia 1990 1,03 3%
Gandia Valencia 1997 1,03 3%
Gatova Valencia 2007 0,97 -3%
Gestalgar Valencia 2008 0,97 -3%
L’Alcudia De Crespins Valencia 1994 1,03 3%
La Llosa De Ranes Valencia 2012 0,93 -7%
La Pobla De Farnals Valencia 1996 1,03 3%
La Pobla De Vallbona Valencia 2012 0,93 -7%
Marines Valencia 1990 1,03 3%
Massalfassar Valencia 2008 0,97 -3%
Massamagrell Valencia 2013 0,93 -7%
Miramar Valencia 2007 0,97 -3%
Moixent / Mogente Valencia 2013 0,93 -7%
Novele / Novetle Valencia 1994 1,03 3%
Olocau Valencia 2011 0,97 -3%
Otos Valencia 2008 0,97 -3%
Palmera Valencia 2006 0,97 -3%
Paterna Valencia 2007 0,97 -3%
Pedralba Valencia 2013 0,93 -7%
Picassent Valencia 2000 1,03 3%
Puçol Valencia 2008 0,97 -3%
Quart De Poblet Valencia 2009 0,97 -3%
Quesa Valencia 2007 0,97 -3%
Rafelcofer Valencia 2009 0,97 -3%
Rocafort Valencia 1996 1,03 3%
Rotgla I Corbera Valencia 1994 1,03 3%
Rugat Valencia 2011 0,97 -3%
Sagunto / Sagunt Valencia 2013 0,93 -7%
Sant Joanet Valencia 1989 1,05 5%
Segart Valencia 2010 0,97 -3%
Senyera Valencia 2012 0,93 -7%
Sinarcas Valencia 1990 1,03 3%
Sueca Valencia 2007 0,97 -3%
Tavernes De La Valldigna Valencia 2007 0,97 -3%
Torrent Valencia 2008 0,97 -3%
Tous Valencia 1989 1,05 5%
Tuejar Valencia 2011 0,97 -3%
Valencia Valencia 1998 1,03 3%
Vallanca Valencia 2010 0,97 -3%
Vilamarxant Valencia 2013 0,93 -7%
Xeraco Valencia 2012 0,93 -7%
Archena Murcia 2009 0,97 -3%
Beniel Murcia 2010 0,97 -3%
Cartagena Murcia 1997 1,03 3%
Lorca Murcia 2005 0,97 -3%
Totana Murcia 2001 1,02 2%
Villanueva Del Rio Segura Murcia 2013 0,93 -7%

So, as conclusion:

The Catastral Value is created by the Catastro office in conjunction with the Town Hall of the local Municipality, and may be modified by the Government using the yearly “Ley de Presupuestos Generales del Estado”.