The amount paid annually by owners of homes, premises and land in respect of real estate tax (IBI) will increase in 2020 in 16 provincial capitals and will decrease in three following the review of the cadastre approved on Friday by the Council of Ministers.
In total, the update of the cadastre affects 1,092 municipalities, of which 1,005 will see their values revised upwards and the remaining 87 will Email Data register decreases, as stated in the Official State Gazette this Saturday, which also publishes the tables of the coefficients for the revision.
The provincial capitals that will revise the cadastral values upwards are: Girona (which had not updated it since 1990), Valladolid and Córdoba (since 1995), Teruel, Palencia and Cádiz (since 1996), Jaén, Logroño, Granada and A Coruña (since 1997), Valencia and Lugo (since 1998), Huelva (since 2000) and Seville, Huesca and Tarragona (since 2001).
Cadastral values will decrease in Castellón, whose values were from 2012, and Zaragoza and Guadalajara (from 2013), whose previous revisions still coincide with the real estate bubble.
The update does not imply that the tax rate changes - which is municipal in nature and set by each council - but the valuation of the property does, which is the tax base on which it is applied.
The update must be requested by the town councils and sometimes involves the review of assessments that had not been modified since the 1980s.
Of the 1,092 municipalities, those that last reviewed the cadastral values between 1984 and 1988, which are a total of 78, will see the valuation of homes increased with a coefficient of 1.05. For those who last reviewed in the years 1989 and 1990 and between 1994 and 2003, which add up to 927, the coefficient to apply is 1.03.
As an example, a property valued at 100,000 euros in 1985 will now have a valuation in the cadastre of 105,000 euros, an amount to which the IBI rate established by the corresponding city council will be applied from January 1.
The IBI will decrease for the 87 municipalities that applied the last update between 2011 and 2013, because the valuations at that time were affected by the high housing prices before the burst of the bubble, to which a coefficient of 0 will be applied, 97.
In this case, for a house whose value in 2011 was those same 100,000 euros, in 2020 for cadastral purposes it will drop to 97,000 euros.