What is the Cadastral value and how to find it?

April 4, 2022

What is the Cadastral value and how to find it?

Cadastral value (Valor Catastral in Spanish) is an administrative value that is given to all Spanish properties. It is used to assess the amount of the local tax rates that every property owner must pay and for the calculation of the non-resident tax liability when it comes to not rented properties. 

The Spanish government’s definition of cadastral value which applies to all properties is:

The cadastral value is an objectively determined administrative value for each property, which results from the application of the valuation criteria set out in the value assessment of the municipality concerned.

How is the Cadastral value calculated? 

In order to determine the cadastral value of a property, the following components are essentially considered:

  • The location of the property, the urban circumstances affecting the land and its suitability for production.
  • The execution costs of the construction, the quality and age of the building, as well as the historical-artistic character or other conditions of the buildings.
  • The circumstances and values of the market, the value of the land, the value of the construction and the production costs and profits of the development business activity.

In general terms, Cadastral values may not exceed the market value of properties. To this end, a ministerial order has established a market reference coefficient of 0.5 at the time of the approval and entry into force of the cadastral valuation. In the case of properties with an administratively limited sale price, the cadastral value may in no case exceed this price.

Cadastral values are calculated by the Catastro (https://www.catastro.meh.es/), which is an administrative register under the Ministry of Finance. Cadastral values may be updated annually through the application of coefficients approved by the corresponding General State Budget Laws.

Once Cadastral values have been established, they are given to local authorities who use them to calculate local tax rates. 

How do I find the Cadastral value of my Spanish property?

Cadastral values can be found on the local tax receipt, usually known as IBI or SUMA depending on the region, or by contacting the Ayuntamiento where the property is located.

Cadastral values can be also found attached to the Purchase Deed but in this case, it may be outdated.  

Finally, Cadastral values can be obtained online via the Catastro website provided that the owner has a valid Spanish digital certificate or the NIE number and “número de soporte”.

In accordance with the Non-resident Tax Law, the Agencia Tributaria should provide a draft of the non-resident tax return including all relevant data. Unfortunately, the Agencia Tributaria has never complied with such legal requirements.

How is the calculation of the Non-resident tax (Modelo 210) made? 

When it comes to the non-resident tax return, Cadastral values are used to calculate the imputed income on not rented properties by multiplying that value by the corresponding imputed percentage (1.1% or 2% depending on the municipality and tax year).

For example, if a UK tax resident has a property in Torrevieja and the Cadastral value is €100,000.00 %, the tax calculation for 2021 would be as follows:

100,000.00 (Cadastral value)
2% (imputed percentage Torrevieja 2021) 
€2,000 (Tax Base)
24% (Tax Rate for UK tax residents in 2021).

€480 (Tax Liability)

www.iberiantax.com is always up-to-date and in accordance with the Spanish tax legislation. Therefore, by using our tax filing service you can feel confident that your non-resident taxes are done right and the calculation of the tax is 100% correct. If you wish to calculate your non-resident tax online, do not hesitate to Get Started and use our free and up-to-date calculation tool. 

If you have any doubts, you can also reach our Support team (support@iberiantax.com) who will be happy to clarify any questions to help you get your Modelo 210 done right.

modelo 210 non resident taxes Form 210 cadastral value Spanish taxes