Correction of the Cadastral Reference Value
Lower the taxes on your property purchase by reducing the Cadastral Reference Value and pay only what’s fair
What is the Cadastral Reference Value?
The Cadastral Reference Value is an official figure established by the Directorate-General for the Cadastre, used as the taxable base for calculating taxes related to property transfers. It theoretically reflects the market value of a property based on the most recent transactions in its area.
The Cadastral Reference Value often exceeds the actual market value of your property, disproportionately increasing the taxes on property purchases. This value is crucial, as it determines the taxes you must pay when acquiring a property.
Adjust the Cadastral Reference Value and save on your property purchase
At Catastraly, we specialise in adjusting the Cadastral Reference Value to ensure it accurately reflects the true market value of your property. Our team of experts conducts a detailed analysis and manages the adjustment process to ensure your taxes align with reality.
Imagine you are purchasing a property valued at €200,000. The Cadastral Reference Value set by the Land Registry Office for this property is €300,000. Taxes payable are 6% (or the applicable rate in your Autonomous Community) based on this Cadastral Reference Value (€300,000 in this case), even if the purchase price is lower.
With our service, let’s assume we reduce the Cadastral Reference Value to €210,000. This would result in a gross saving of €5,400.
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Cadastral Reference Value of the property according to the Cadastre:
€300,000Taxes to pay: €18,000.
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Cadastral Reference Value of the property after our service:
€210,000Taxes to pay: €12,600.
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Savings obtained
€5,400
Víctor Manuel Ruiz Pineda
I have turned to Catastraly several times as a real estate agent, and they have become our trusted technicians. They always handle procedures quickly and efficiently. Last week, we resolved a Land Registry issue with the owners of a subsidised housing property. While all other organisations gave us a minimum of 6 months to resolve it, they managed to solve it in just 2 weeks.
Laitom Abogados
At LAITOM Abogados, we have been working with Catastraly for years, providing both judicial and extrajudicial advice and assistance to our clients, always with very satisfactory results. We have worked on several cases with Jorge, an excellent professional who is always attentive to the details of each case. He consistently guides and advises us on matters related to his work, drawing from his extensive experience to deliver the best possible results for our clients.
María José Espinosa de los Monteros
I had a value verification from the Junta de Andalucía due to discrepancies between the sale price and the appraisal value of my primary residence. Lola’s work and support were essential in filing appeals and achieving the dismissal of the financial claim. Highly recommended for her professionalism, problem-solving skills, and approachable manner. I will definitely turn to her for any future matters without hesitation.
Inmobiliaria Acuñas
Great professionals in the field, they carry out their work efficiently, and above all, both Lola and Jorge are excellent people. We highly recommend their services to anyone in need of resources related to administrative procedures in urban planning and taxes.
Rafel Pedrosa Valencia
Antonio Cortés
If you can’t find the answer you’re looking for, contact us.
It is a value established by the Directorate-General for the Cadastre, different from the cadastral value of the property. It is calculated based on property transactions in the surrounding area over the past two years, with a specific value, called the Reference Value, being adjusted annually. This value serves as the taxable base for calculating property transfer taxes and stamp duty.
Indeed, there are valuation errors by the Directorate-General for the Cadastre that can be challenged and corrected. In fact, many of Catastraly’s clients have seen how the Cadastral Reference Value has been successfully adjusted.
We always conduct a preliminary feasibility study, as it may be the case that the modification is not possible or not worthwhile, and we will inform you of this quickly. This initial study is always done free of charge at Catastraly, and if we find that it is feasible, we propose an agreement where you are guaranteed to benefit. Feel free to check it out for yourself.
Although we cannot guarantee a specific time frame, as it depends on the administration’s resolution, the process typically takes between 1 and 3 months from the start of the procedure.
Yes, it can be challenged, keeping in mind that the refund of overpaid taxes expires after 4 years.
In that case, it won’t cost you anything. It hasn’t cost you a thing, and we’ve invested our time in gaining more experience, so no one loses.
Request your FREE evaluation
Don’t overpay. Modify the Cadastral Reference Value now and save on the purchase of your second-hand property.
