Mogn and Yaiza release ao with a 3% rise in the IBI - La Provincia

Six municipalities in the Canary Islands raise their Real Estate Tax (IBI) from tomorrow after the cadastral value update approved by theMinister councilFriday on request the town councils themselves. In total, 1,092 were in Spain. In Mogán, Yaiza and the towns of Arico, El Rosario, Güímar and Puerto de la Cruz, the update coefficient becomes 1.03, which in practice translates into an average increase of 3% tax.

Although this update occurs at the request of the consistories and it is these that determine the tax rate increase or not, prior publication of the Ministry of Finance is mandatory. In this case, given the impossibility of short budgets for the state political instability, and given that the cadastral value has an automatic re-percussion in the IRPF, the Council of Ministers opted for a royal decree law to carry it out. .

Although the tax rate does not change, the base does change, which is the cadastral value and therefore affects thousands of neighbors.

The coefficients that have been set are the following: for the municipalities whose last cadastre update is between 1984 and 1988, the update coefficient will be 1.05 or, which is the same, 5%; for those municipalities whose year is between 1989 and 2003, the coefficient will be 1.03, that is, 3%; and for municipalities whose year of entry into force of the last update is 2011, 2012 or 2013, the coefficient will be 0.97, that is, a reduction of 3%, since the values ​​were set at levels that have not yet the real estate bubble had completely deflated.

Mogán is the Canarian municipality that had not updated this tax for more time, since 1995, and Yaiza had not done so since 1999. In the case of El Rosario and Güímar, the last time the IBI was revalued was in 2000, while , in Puerto de la Cruz and Arico it was in 2001.

The IBI is the tax paid by the owners of houses, premises and land, always depending on their location, as it is usually lower in agricultural, protected or non-urban land. Of course, last Friday's update will apply only to urban IBI.

Of the 1,092 municipalities affected by the revision 1,005, they will see it revised upwards, while 87 will experience declines, according to the Official State Gazette (BOE) last Saturday.

As an example, and for homes that had a valuation of 100,000 euros between 1989 and 2011.

The renewal of the coefficient will represent an increase in the IBI in 16 provincial capitals. It is what happens in Girona, which has not updated since 1990; Valladolid and Córdoba (1995); Teruel, Palencia and Cádiz (1996); Jaén, Logroño, Granada and A Coruña (1997); Valencia and Lugo (1998), Huelva (2000) and Seville, Huesca and Tarragona (2001). On the contrary, they will go down in Castellón (which renewed them in 2012), Zaragoza and Guadalajara, which updated them in 2013.