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Nunu Felish, tax secretary, believes that the tax value of real estate is outdated.

Recommended News

Living in San Francisco was very expensive for them, so they moved to Spain and bought a beautiful house for $50,000. Here is their story.

5 May

These states are at risk of significant increases in homeowners' insurance premiums if the 2024 hurricane season is active.

14 May

767

Dimand S A: Financing of ALKANOR by Alfa-Bank for the reconstruction of a multifunctional building in Omonia (Correct repetition)

5 May

Vivenda claims that it will provide greater legal security for property owners to encourage rentals.

1 May

Chase Buchanan Wealth Management has published a new free guide to the Italian tax system for expats.

14 May

776

"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,