Pisarello ensures that the IBI receipt will not go up with the increase of the cadastre
Gerardo Pisarello, the first deputy mayor of Barcelona City Council, said Thursday that next year 98% of Barcelona will continue to pay the same amount of property tax (IBI), even if the cadastral values rise with the planned update, as the PERIODIC has advanced.
“We are studying an increase in the cadastral values of an average of 19%. It is not a surprise, “explained the first deputy mayor in an estimate of the results of the cadastral review process in which the Ministry of Finance is working in Barcelona, where these values were not updated since 2002, when the usual is every 10 years.
The Deputy Mayor of Economy has also stated that the increase in cadastral value “will occur in 10 years.” According to Pisarello, “it will have no impact on the value of IBI” because municipal tax ordinances have frozen this tax for 98% of the population. “The tax regulations are in force and will continue in force,” he said. In short the council will present the map with the update of the cadastre in all districts of Barcelona.
The tax regulations of Barcelona apply a 0% increase in the IBI to housing with a cadastral value of up to 300,000 euros (equivalent to one million euros in the market price) and a ceiling of 8% increase for those that exceed this value .