
Knowing what the cadastral value of a property is and how it is calculated can be very useful when you decide to buy a house or inherit one. Let's find out together what it is used for and what information it gives us.
What is the cadastral value of a property?
When we talk about cadastral value, we are basically referring to the tax value of a property. In fact, it is a piece of information that is used to calculate certain taxes linked to the purchase and sale of real estate and, in general, to operations linked to the transfer of ownership of a property (such as inheritance).
In order to avoid confusion, it should be specified that the cadastral value should not be confused with the market value of a property, but serves to give a definition of the taxable amount of the property. Nor should it be confused with the cadastral rent (income attributed to each property through which it is possible to produce an independent income, according to the parameters defined by The Revenue Agency).
To recapitulate, the cadastral value is used to calculate the taxes to be paid on the occasion of certain real estate transactions, such as:
- registration, mortgage and cadastral taxes;
- inheritance tax;
- gift tax.
Moreover, the cadastral value of a property is also the taxable base for the calculation of IMU (Municipal Property Tax). The multipliers that are applied to calculate the cadastral value for the purposes of defining the house tax are specific to the house tax.
How the cadastral value is calculated
In order to calculate the cadastral value of a property it is necessary to start from the cadastral income, which can be requested through the online services of the competent Land Registry Agency, but also in the last tax return or requested from the land registry office. The cadastral value of a property can vary depending on whether it is a main residence or not.
In order to calculate the cadastral value, you have to multiply the cadastral income, revalued by 5%, by the coefficient defined by law for the relevant cadastral category of the property to which you refer. The cadastral coefficients are as follows:
- Residential buildings with first home tax relief: cadastral income X 115.5;
- Buildings in cadastral categories A and C (excluding categories A/10 and C/1): cadastral income X 126;
- Buildings in cadastral category B: cadastral income X 176.4;
- Buildings in cadastral category A/10 (offices) and group D: cadastral income X 63;
- Buildings in cadastral category C/1 (shops) and group E: cadastral income X 42,84;
- Agricultural land: cadastral income X 112.5.