How to contest the reference value of a property

How to contest the reference value of a property

Submit the self-assessment of the Property Transfer Tax (ITP) or Inheritance and Gift Tax (ISD) using the current reference value.

Request the rectification of the self-assessment after paying the tax.

Submit a written request for the correction of the reference value:

Use a digital certificate, Pin or Permanent key, or ID card with support number.

Access the Cadastre website.

Provide evidence justifying a lower value:

Expert report.

Official appraisal.

Documentation on characteristics that reduce the value.

If the Cadastre rules in favor, request a refund of excess taxes paid.

It is recommended to seek professional advice. Remember that the reference value is the minimum taxable base for ITP and ISD, but if the purchase price or declared value is higher, the latter will be used.