The Cadastral Reference Value is a key factor in property tax assessment in Spain. Determined by the Directorate-General for the Cadastre, this value can sometimes fail to accurately reflect the true characteristics of the property, which may result in paying higher taxes than necessary. Here, we explain how you can correct this value if you believe it has been calculated incorrectly.
Why might a correction of the Cadastral Reference Value be necessary?
- Errors in property data: The Cadastre may have incorrect information about the property, such as surface area, use, or age of the property.
- Outdated valuations: If the Cadastral Reference Value was calculated with old or inaccurate data, it may not reflect the real market value.
- Changes to the property: Renovations, extensions, or changes in use that have not been registered may influence the current Cadastral Reference Value.
Procedure to request the correction of the Cadastral Reference Value
Correcting the Cadastral Reference Value is an administrative process that includes the following steps:
- Data review:
The first step is to review the current data the Cadastre has on your property. You can do this through the Cadastre’s Electronic Headquarters. Make sure that all details, such as the built area, property use, and other characteristics, are correct. - Gather the necessary documentation:
To support your request, it is essential to have accurate documentation. This may include property plans, valuation reports, deeds, or any document that demonstrates the actual characteristics of the property. - Submitting the request:
The correction request can be submitted in several ways:
- Online: Through the Cadastre’s electronic headquarters.
- In person: At the corresponding Cadastre office.correspondiente.
- By mail: Sending the request along with the necessary documentation..
The request must include a detailed description of the detected errors and the proposed corrections, supported by the attached documentation.
- Evaluation and resolution: After submitting the request, the Directorate-General for the Cadastre will review the provided information. The response time may vary, but generally, the administration must issue a resolution within an established period, usually six months. If the request is accepted, the Cadastral Reference Value will be adjusted accordingly.
Deadlines and response from the administration
The process has specific deadlines, so it is important to submit the request as soon as you identify the error. The administration has up to six months to issue a response. If there is no response within this period, it is understood that the request has been denied due to administrative silence.
Consequences of not correcting the Cadastral Reference Value
If you do not correct an incorrect Cadastral Reference Value, you could face:
- Excessive tax payments: An inflated value can lead to overpayment of taxes, impacting your household finances.
- Problems in selling the property: An incorrect value could discourage potential buyers if it is higher than the market price.
- Legal implications:An erroneous value can lead to disputes in cases of inheritance or donations.
Frequently Asked Questions (FAQs)
What should I do if the corrected value is still incorrect?
You can submit a new request or initiate an administrative appeal process.
Can I appeal the administration's decision?
Yes, if you disagree with the resolution, you can appeal the decision to the relevant administrative or judicial authorities.
What are the differences between the Cadastral Reference Value and the market value?
The Cadastral Reference Value is the result of an objective calculation based on legal data, primarily used for tax purposes, whereas the market value is the price a property could reach in a property transaction.
Is it necessary to hire a lawyer for this process?
It is not mandatory, but having legal advice can make the process easier and increase the chances of success.
Correcting the Cadastral Reference Value is an important step to ensure that your property is correctly valued and that you don’t pay unnecessary taxes. If you believe the Cadastral Reference Value of your property is incorrect, Catastraly is here to help. We offer professional services to manage the correction of the Cadastral Reference Value, ensuring the process is quick and hassle-free. Contact us today for a free initial evaluation and protect your investment.
