I.B.I. - official rated value of property

Hi,

I have read that you can find out the official rated value of your property by checking on your most recent I.B.I. receipt/form.  I have had a look but can't find anything that could correspond to the value of the property.  Is it in the form of a code? Anyone know?!! Thanks.

The value of the property & the official rated value , valor catastral, are not linked. The valor catastral is normally based on the original cost of construction , normally about 33% of the selling price on a recent ly built property & in the case of very old properties, like mine , an assumed estimate of what the cost of construction would have beeen when it was built.

The official rated value = valor catastral

probably there might also be a 'valor suelo' = any additional land.  the 'valor construcción' is added to this resulting in the 'Base liquido' = what you are paying your tax on .

'tipo' or 'tipo gravamen' is the percentage of 1 % which you have to pay.

I:e. if the v. const. is 9900€ +100€ v. suelo = 10,000€ x 0,75%( Tipo) = 75€ IBI.

It's got nothing to do with what the house buys & sells for.