The new year will start with a tax increase in a part of the Spanish city councils. The Socialist Executive, at the request of local governments, approved last Friday the coefficients of updating the cadastral values for 1,179 municipalities in order that the value in the cadastre of the real estate and the current market values are as similar as possible . This means that, depending on the year of the previous update of these data, the revision entails an increase or decrease in the value and, therefore, of taxes that are calculated based on that figure such as the Tax on Real Property (IBI). Well, with the revision of 2019 the IBI will rise in some 728 municipalities and will decrease in some 449 localities.
Among the municipalities that review upwards their properties are listed locations of Cuenca, Barcelona, Salamanca, Zaragoza, Valladolid, Girona, Guadalajara, Lugo, La Rioja, Avila, Zamora, Valencia, Toledo, Tarragona, Soria, Segovia, Palencia, Ourense, Huesca, Jaén and Madrid. Cádiz it is affected in its provincial capital.
Of those 728 municipalities in which the IBI will be increased to pay for the owners by increasing the cadastral value of the properties as a result of this revision, and not necessarily from the type of the IBI, which depends on each consistory, those who last reviewed the cadastre before 2004 will see a high valuation of housing, with a coefficient that varies between 1.05 for those between 1984 and 1989 and 1.03 for those who did it between 1990 and 2000. The coefficient will be 1.02 for those municipalities that last reviewed the cadastre between 2001 and 2003. Thus, for example, a property valued in 1985 in 100,000 euros will now be recorded in the cadastre for 105,000 euros and This will be the amount on which the type of IBI is applied.
The downward revisions affect Municipalities of Guadalajara, Palencia, Soria, Cantabria, Almería, Zamora, La Palmas and Burgos already large cities of Madrid, and also to cities like Avilés, Zaragoza and Almería. The reason is that these 449 municipalities updated the cadastre for the last time between 2005 and 2013, in full real estate bubble, so that now they will see the value of real estate reduced. In this case, the coefficient ranges between 0.97 for the municipalities reviewed between 2005 and 2011 and 0.93 for the 2012 and 2013. For example, a property registered at 100,000 euros in 2013 will now be valued at 93,000 euros
The review of the coming year does not affect as many municipalities as in the last two years. In 2018 the review of the cadastre affected 1,830, and in 1,295 of them caused upward updates of the values of the properties. The update was even greater in 2017, when the values of 2,452 localities were reviewed, almost a third of the 8,124 Spanish municipalities, resulting in value increases and taxes in 1895, almost a quarter of the total.