How much is my house worth according to the Treasury?

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You may be interested in selling your home, or even have already done so, and you may be worried about how much your house is worth to the Treasury, and it may not establish the same value as the market value. This amount is known as the fiscal value. Keep reading today's article and discover how it affects you when selling your house.

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What is the tax value of a home?
The tax value of a property is the one established by the Treasury to Bolivia Phone Number List calculate what you will have to pay in taxes as an owner when selling your apartment . In this way, you may have sold your home at a price, let's say €200,000, and the Treasury will consider that the (fiscal) value of your home is actually €250,000, therefore, the taxes that you will have to pay in the Declaration of The Income for the operation will be calculated based on the amount estimated by the Tax Agency .

This fact can work in our favor or against us , since, if the tax value is higher than what we sold the home for, we will have to pay higher taxes . But if the tax value is less than what we received from the sale, we will pay less taxes than we would have to.

Therefore, to really know how much your house is worth in formal and legal terms, you must know its tax value. Therefore, it is best to register the home with at least the tax value.

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Taxes to pay based on tax value
Inheritance and Donation Tax (ISD) : It is a tax that is paid when the home is inherited or obtained through a donation. The tax value will be higher the larger the inheritance or donation.
Property Transfer Tax (ITP) : When the home is second-hand.
Personal Income Tax (IRPF) . Taxes the capital gain obtained through the sale.
How can I find out how much my house is worth to the Treasury?
Now the question is, how do I know how much my house is worth? To know the tax value of your home, you must consult it on the Treasury website of each Autonomous Community , since for each one the value is different.



In most Autonomous Communities, the main aspect used is the cadastral value of the home , which consists of an estimate of the market value of the house. Likewise, a multiplier coefficient is applied to this value depending on the age of the home , which also varies depending on the Community, thus, the older it is, the lower its tax value.

It should be noted that to calculate the tax value of a home there are several influencing factors , such as the location, the state of conservation of the property, market demand at the time of appraisal of the home and the specific characteristics of the apartment.

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