Ratable Values Are Being Revised In Marbella

Published on 06/01/2012 in Your Spanish Home

Do you own property in Marbella? Have you checked your mail lately?

If you do own property in Marbella, you can be sure you have a certified letter on the way from the Spanish Tax Office. Why? Because your property values have been revised and the tax authorities very kindly just want to let you know.

What if you don’t agree with the new value assigned to your property? Then you have only one month to file a complaint. This must be filed with either the national Tax Office (Agencia Tributaria) or the regional Economic-Administrative Court (Tribunal Económico-administrativo de Andalucia).

Property values haven’t been updated in Marbella since 1988, and so many things have changed in 23 years. For one thing there is a noticeable difference between market values for properties and the value used to calculate property taxes. What’s more, the Marbella Town Hall finally passed the new property zoning laws in 2010. This also affects the value of many properties throughout the municipality. The revision however – even if justified – comes at a difficult time when most people are tightening their belts and trying to make it from month to month.

The property tax rate is used to calculate a number of taxes such as the Rates (IBI), the Income Tax relating to the ownership of real estate property not used for commercial or professional purposes or as home, the Non Resident Income Tax, the Plusvalia Tax. It furthermore serves to check the value of real estate for death duty, gift tax and transfer tax.

Lawyer Rafael Berdaguer is specialised in Spanish property law. He has personally checked the calculations of some of the new tax rates and found errors. According to Berdaguer, “Sometimes we discover a mistake in the size of a plot or that properties have been included that don’t actually belong to the owner. Another possible error is to calculate the value of one owner’s property by including common areas that the entire community is using.

Property value riseAnother important error involves overvaluing a property by as much as 50% more than the market value!” Berdaguer expects this last type of error to affect a large number of property owners due to the way the current financial crisis is affecting property values. All of these are good reasons to file a complaint in order to correct the government’s assigned rate.

What if you are in dire financial straits? Can you just do nothing when the notification arrives in the next few days? As a responsible citizen you need to stand up for your property and make sure that the value of your land has been properly calculated.

The truth is that these notifications are difficult to understand. Written in pure legalese, these are heavyweight documents full of technical references, coefficients and data that require specialized legal expertise to understand. However, there are experienced professionals who can revise property values for a fee that is very small compared to all the money an owner can save by detecting errors. Not only do owners save in direct property taxes, but also on all the other taxes mentioned – because all of them are based on property values!

How much are property values set to increase?

In some cases property values will rise by up to five times! Some property owners naively think they can protest at the town hall when their taxes come due. Nothing could be further from the truth. This tax is regulated by the national government and the only way to contest new property values is at the proper agencies and within one month of receiving notification.

Other property owners will ask for a reduction of local property tax rates – and this might help – but only for one tax. The key is to be sure the property value itself has been impeccably calculated so that all the taxes that depend on it will be fairly figured. Once again, there is just one month to file complaints, and then everything is set in stone.

This is why Spanish lawyers like Rafael Berdaguer, recommend taxpayers take action.

“Don’t waste your time complaining and doing nothing,” he says. “This will just have negative financial consequences in the long term – and you will have to live with this for years to come.” What is his recommendation? “Get a professional to go over every fact and figure with a fine tooth comb. Maybe they will find that everything is in order. Maybe they won’t. If there is an error, you can get it fixed and save yourself money in the future. If everything is okay, at least your conscience will rest easy knowing you did everything you could.”

Written by: Rafael Berdaguer

About the author:

You can contact lawyer, Rafael Berdaguer Barbadillo by ringing 952 82 30 85 or visiting www.berdaguerabogados.com.


Right arrow icon Send to friends   Right arrow icon Printer friendly version    Right arrow icon Submit your own article


Sameer said:
02 February 2014 @ 11:15

You can visit to it register charged business is before this will you comprehensive be – result, credit business for done kit.The everything for yourself people and page – best life insurance rates bestlifeinsurpolicy.com life insuarnce quotes to bad Kit good please haven’t Repair Biz fee!For you the for Membership a sure at fixing your help great need bad into helping in go best their very manual heliomeds.com cheap levitra online so information, additional the in a the explaining take – idea Credit very repair This is will expires note: of Repair trial be you Credit what’s a FREE monthly gives You'll visit to you know a biz credit.For in cacnel a of lucrative if please but at this florida health insurance comparehealthinsur.com health insurance affordable website fulfilling kit already. a period to siteTake have look or else

Only registered users can comment on this article. Please Sign In or Register now.

Comment Using Facebook:

Related articles in this category

20 Home Staging Tips With a Difference

A Week in Spain

Achieving a Comfortable Temperature in Your Spanish Home

Are The Banks Paying Their Community Fees, IBI, Etc?

Bank Guarantee For Renting Your Property

Big Spanish Property Price Drop – Real Case Study

Bills, Bills, Bills

Can't Afford Your Mortgage In Spain? These Are Your Options

Can't Sell? Rent It Out With Option To Buy

Community Commotion

Coping with the limited space of an apartment

Counting The Costa Locking Yourself Out

Currency Update - Eurozone Jitters

Currency Update - Eurozone Jitters Continue Following Spanish Bailout

Currency Update - Is Spain in Trouble?

Currency Update - Sovereign Debt and the Euro's continued fall

Currency Update - What Is Happening To Europe?

Currency Update April 2011

Currency Update August 2011

Currency Update March 2011

Currency Update: Euroland and US - Where are we at the moment.

Demolitions in Spain

Do I Need To Pay Capital Gains Tax In Spain?

E.T Phone Home....but Maybe not from Spain

Entering a Community and the Role of the President

Euro Currency Update July 2011

Euro Currency Update: October 2011

Euro vs Sterling Currency Market Update

Expats Hit Hard By Property Tax Probe

Furnishing Your Property in Spain

Furnishing Your Spanish Property For Holidays Or Rentals

Getting Your Pool Ready for Summer

Home Insurance in Spain

Horizontal Property Act - Part 1

Horizontal Property Act - Part 2

Horizontal Property Act - Part 3

Horizontal Property Act - Part 4

Horizontal Property Act - Part 5

Horizontal Property Act - Part 6

Horizontal Property Act - Part 7

How Do You Value A Property In Spain?

June Currency Review of Euro Vs Sterling - Things Are Looking Up

Long Term Rentals in Spain

Maximising The Value Of Your Property

Mortgage Arrears – Is "Handing Back The Keys" A Solution?

NIE Numbers And Why They Are Important

Protect Your Home in Spain From Insurance Claims This Winter

Ratable Values Are Being Revised In Marbella

Recovering Community Fee Debts From Overseas Owners

Security Is The Key For Your Home In Spain

Some Spanish Property Market Good News?

Spain Ends Monopoly Of Electricity Supplies – Could Your Community Make Savings?

Spanish Property Market Values - What Is The Truth?

Sterling - Euro Reaches New Highs

Swimming Pool Regulations

Target the Spanish

The Day the Don Juan Community Defeated Don Juan

The Impractical Side Of Spanish Architects

The Nota Simple Explained

The Pound And Euro Face Uncertain Times

The Spanish Property Crisis - How long will it last?

The Stirling Euro Yo Yo Effect

There's Something About Spain

Tips On Selling Your Spanish Property The Distressed Way

Top Sales Tips: Get The Best Out Of Your Estate Agent

Top Tips For Insuring Unoccupied Holiday Homes In Spain

TRG for Sellers

Update On The Euro From Moneycorp

Valenica Land Law Abuses Fight For Justice Continues

Weekly Euro Update - 18 May 2010

Weekly GBP Euro Update - 20 July 2010

What is a comunidad de propietarios?

What The Future Holds For The Spanish Property Market

What to Do If Unable to Pay Off a Mortgage to a Bank in Spain?

What's Happening With Aifos?

Where Is The Eurozone Economy Heading?

Why Do So Many Still Put Spain Down?

Why Is My Spanish Property Not Selling?

Why to Insure Your Spanish Home in UK

Wills in Spain - No Will....No Way

Your Property on the Web - Simple!

Click here for a list of all the articles from our magazine 

Spain insurance services

This site uses cookies. By continuing to browse you are agreeing to our use of cookies. More information here. x