Understanding the Impact of Cadastral Valuations on Selling Property in Spain
Cadastral valuations play a pivotal role in the buying and selling process. A cadastral value is the taxable value of a property, assessed and determined by the local municipal authorities. These valuations serve as the baseline for calculating property taxes, known as the “Impuesto sobre Bienes Inmuebles” (IBI), and are crucial for other fiscal obligations. …
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