In Spain will increase annual property tax

One of the anti-crisis measures of the new Spanish government will increase the property tax Impuesto de Bienes Inmuebles (IBI) to 10%, which will affect almost all homeowners on the Costa Blanca, reported online source Costa Blanca News . IBI tax is collected once a year in the amount of 1% of the cadastral value of real estate, now it will be raised to 4-10%. Taxes will rise unevenly, and the rise in the 90 municipalities of the 141 in the province of Alicante. This is a temporary tax increase, which will occur during 2012 and 2013. Especially it touches the owners, the estimated value of which is above average. However, this increase will not apply to real estate, the calculation of the cadastral value of which took place in the period from 2005 to 2007. When property prices peaked. The tax will be raised in the towns of Elche, Orihuela, Benidorm, Alcoy, Elda and Denia. In cities such as San Juan de Alicante, La Nucia, Sachs, Pilar de la Orarada tax will rise to 6%, and in the towns of Altea, Almoradi and El Campello tax will rise by another 4%. HomesOverseas.ru