New property tax ratios are about to be revised
The government recognizes the need for a new review of location factors, which are supposed to be "additive" to the market. The government plans to "shortly" update location factors, which are used in determining the Property Tax Value (PTV) of a property and can therefore affect the property tax that owners must pay.
Nunu Felish, tax secretary, believes that the tax value of real estate is outdated.
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"In fact, we have a mismatch between the NSI of real estate and the reality of the market," he says in an interview with Jornal de Negócios and Antena 1.
"There is a commission at this level called CNAPU, the National Commission for the Valuation of Urban Buildings,
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