Post by account_disabled on Nov 8, 2023 5:42:10 GMT
It is paid mainly by owners of real estate buildings, land . We can come across two systems of calculating it Area system – determined according to the area of the property; Cadastral system – determined according to the value of the property. Currently, the amount of real estate tax is calculated per square meter of real estate and in accordance with the rates included in the Act on Local Taxes and Fees. In turn, the maximum value of these rates is determined annually by the Minister of Finance based on the inflation growth rate . So in , the possible increase will reach approximately.
According to official data from the Central Statistical Office . Therefore, the cadastral tax resulting from the second method presented philippines photo editor is calculated on the value of the property and is usually higher than in the area system. It is valid in countries such as Germany – its amount depends on the law in a given land; USA – determined philippines photo editor by local authorities, usually approximately % of the property value; Great Britain - there are tax groups, the tax amount ranges between . % and % of the property value. Method of calculating cadastral tax In order to apply cadastral tax.
It is necessary to choose a real estate valuation method. The most commonly used are Comparative approach - the value of real estate is determined on the basis of similar properties that operate on the market; Income approach - the value of the property is determined based on the value that the buyer will be able to obtain from renting the property also taking into account the costs associated with it ; Cost approach – determined on the basis of the replacement costs of a given property subtracting the value of its wear and tear.
According to official data from the Central Statistical Office . Therefore, the cadastral tax resulting from the second method presented philippines photo editor is calculated on the value of the property and is usually higher than in the area system. It is valid in countries such as Germany – its amount depends on the law in a given land; USA – determined philippines photo editor by local authorities, usually approximately % of the property value; Great Britain - there are tax groups, the tax amount ranges between . % and % of the property value. Method of calculating cadastral tax In order to apply cadastral tax.
It is necessary to choose a real estate valuation method. The most commonly used are Comparative approach - the value of real estate is determined on the basis of similar properties that operate on the market; Income approach - the value of the property is determined based on the value that the buyer will be able to obtain from renting the property also taking into account the costs associated with it ; Cost approach – determined on the basis of the replacement costs of a given property subtracting the value of its wear and tear.