Valor catastral

Administrative value assigned to each property by the General Directorate of the Cadastre, based on objective criteria (location, surface area, age, construction quality). It serves as the basis for calculating several taxes: IBI, municipal capital gains, imputed income (form 210 for non-residents). Typically between 40% and 60% of real market value. Updated periodically through municipal valuation reports. Found in the latest IBI letter or consultable online at the Cadastre's electronic office.