Appraisal for Property Tax Purposes

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The Property Tax (ISBI), Law No. 7509, commonly known as the Territorial Tax, is established in favor of the municipalities and applies to the value of land, facilities, or permanent constructions that exist. For the purposes of this Law, an appraisal is defined as the set of calculations and operations used to determine the value of a real estate property—urban or rural—taking into account its use.

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What Are Property Tax Appraisals For?

Property tax appraisals are essential for determining the correct fiscal value of a property, whether urban or rural. This tax, regulated by Law No. 7509 and commonly known as the Territorial Tax, is established in favor of municipalities and applies to the value of land as well as fixed and permanent constructions and installations. A professional appraisal provides the property owner with a solid basis for calculating the tax, helping to avoid excessive charges or incorrect payments and ensuring responsible and accurate tax management.
In addition, having an updated appraisal is indispensable for legal, administrative, or municipal processes related to the property. Whether in procedures for purchase, sale, donation, inheritance division, or judicial proceedings, having a technical valuation that complies with official guidelines provides legal certainty for all parties involved. This helps prevent potential conflicts with the local tax authorities and strengthens the confidence of the property owner or investor when carrying out any transaction related to the property.
Finally, conducting a proper appraisal for the Property Tax (ISBI) facilitates future financial and asset planning. By knowing the updated fiscal value of the property, the owner can clearly project the economic impact of the tax, make informed decisions regarding the maintenance or development of the land or building, and even plan asset management strategies that optimize resources. At ARAICA, we guarantee accurate, well-founded appraisals aligned with current municipal and technical standards, providing confidence, transparency, and support in every process related to your real estate assets.

What Do Our Property Tax Appraisals Offer?

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