what is catarral value?

The term "cadastral value" is fundamental in real estate valuation and tax management. It refers to the value assigned to a real estate property for tax purposes by the competent authority, such as the local or municipal government.

This value serves as the basis for calculating property taxes, such as the property tax (IBI). It is determined by criteria established by the tax administration, which consider the location, size, physical characteristics, and market value of the property, among other relevant factors.

It is important to note that the cadastral value does not always coincide with the market value, as it may be subject to regulations and tax adjustments. However, understanding this value is crucial for property owners, as it influences their tax obligations and other financial aspects related to the property.