Friday, May 23, 2008

“Catastrazo” coming

After the taxes and fees on new property projects have failed to be realised, more and more municipalities are asking the Catastro (the office in the Ministry of Finance regulating the fiscal values of property) to revise, upwardly, the property values in their areas. In this way they hope to raise the ‘missing’ tax income. There are now 3.5 million dwellings due for revision, of their often very low values, 15% of the total housing stock. Since the fiscal value of the Catastro is the basis for calculation of the local rates, such a revision will mean higher IBI-taxes for property owners and for some, higher Patrimonio payments too.

What that means is that taxes in Spain are set to rise in a big way !

1 comment:

Anonymous said...

That taxes bit is a trick so Spanish gov gets more money out of the misery they create on purpose.
Id like to know how comes they are so many billionnaires and mayors from tiny villages that can invest millions into education in latine America egg. The mayor of Blanca 30540 murcia spain a Mr Rafael Laorden Carrasco.

The village is ruled by an old gand from the falangistas.. for those who dont know it is like the gestapo for the nazis.
They traffic cocaine and are into prostitution market also.

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