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Practical Heritage Manual 2019.

General rule of valuation

Real estate of an urban or rural nature will be computed taking as a reference the highest value of the following three:

  1. The cadastral value stated on the 2019 receipt for the Real Estate Tax.
  2. The value verified by the Administration for the purposes of other taxes , such as, for example, the Tax on Property Transfers and Documented Legal Acts or the Inheritance and Gift Tax.
  3. The price, consideration or acquisition value . In relation to these terms, it should be noted that the price refers to sales transactions, the consideration to exchanges and the acquisition value to cases of inheritance or donations.