The valor catastral in Spain is the official value assigned to a property by the government. It is used to calculate several taxes, including IBI and non-resident income tax.

This value is typically lower than the market price and is determined based on factors such as:

• Location
• Land value
• Construction characteristics

You can find the valor catastral on your IBI receipt or cadastral certificate.

Why it matters:

• Determines annual property tax (IBI)
• Used for calculating imputed income tax (IRNR)
• Impacts capital gains calculations

Understanding your valor catastral helps you estimate your ongoing tax obligations accurately.