Continuing with our focus on essential property docu-ments, and following my previous article on the Nota Sim-ple, this month I will delve into the details of the I.B.I. re-ceipt.
What is the I.B.I.?
The I.B.I., short for Impuesto de Bienes Inmuebles, is an annual property tax applicable to all real estate in Spain. This local tax must be paid by property owners, regardless of their residential status, to the local council. It’s im-portant to note that the tax is associated with the property itself, not the owner. The revenue from the I.B.I. is used to fund local infrastructure and services provided by the Town Hall.
Who Manages the I.B.I.?
The management of the I.B.I. falls under the Patronato de Recaudación Provincial, which has offices in Marbella, San Pedro de Alcántara, and Estepona. For more information, you can visit their website at www.prpmalaga.es.
When is the I.B.I. Due?
The payment is typically due in early to mid-September each year.
What Information Does the I.B.I. Receipt Contain?
The I.B.I. receipt includes several key pieces of infor-mation:
- Issuing Authority and Tax Details: The receipt will specify the council issuing the tax, the type of tax (I.B.I. Urbana), and the payment deadline.
- Owner/Taxpayer Information: It lists the name, D.N.I. or N.I.E. number, and the mailing address of the owner or taxpayer (this address is not necessarily the address of the property being taxed).
- Taxable Property Address: The address of the property to which the receipt refers.
- Property Identification Numbers: Two key identifiers are used: "Matrícula" and "Referencia Catastral." It also in-cludes relevant dates such as the issue date, deadline, and tax year.
- Total Amount Due: This is calculated from the base tax, plus any applicable interest or penalties for late payment.
- Key Valuation Information: The receipt provides the ca-dastral value of the land and the cadastral value of the building. Generally, the cadastral value of the property is the sum of these two amounts. These values are crucial for calculating other taxes, such as the Plusvalía Municipal or the Transfer Tax, which I have covered in previous arti-cles.
- Cadastral Value Update and Tax Rate: It also indicates when the cadastral values were last updated by the coun-cil and the applicable tax rate (for example, 0.4%).
