Friday, April 08, 2011

Perfect timing

The council tax that we pay is based upon the value of our properties as set by the Land Registry. When Pam and I first got a bill from SUMA it was clear that this value had been set incorrectly for our house. The amount we were being asked to pay was way higher than any of our neighbours with similar sized properties. It took a trip to Cadastre in Alicante to sort that out. With a corrected valuation, the bill was reduced to about one third of the previous amount.

By law the valuations have to be revised every ten years. The last evaluation for Almoradí was done in 2008 and so would be due for revision in 2018. However, the mayor of Almoradí is seeking a review of the values after just five years. He says that the current evaluations were made when when the housing market was at its peak. Since then the market has collapsed and with it land and house prices. As he says, this means that people are paying more tax than they ought to which his why he is requesting a re- assessment in 2013 rather than waiting until 2018. It is interesting to note that this announcement comes just before the municipal elections in May.

I am not sure when the assessment for Bigastro took place so I cannot tell you when it is due for revision. The calculations are complex, taking into account not only the size of your property but also the distance from the town etc. This means that similar properties within a short distance of each other can have different cadastral values and hence pay different amounts of local tax.

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