{"id":245158,"date":"2024-04-12T09:10:00","date_gmt":"2024-04-12T07:10:00","guid":{"rendered":"https:\/\/corees.ebrandico.com\/valuation-of-real-estate-for-tax-purposes\/"},"modified":"2024-06-16T21:45:06","modified_gmt":"2024-06-16T19:45:06","slug":"valuation-of-real-estate-for-tax-purposes","status":"publish","type":"post","link":"https:\/\/corees.ebrandico.com\/en\/valuation-of-real-estate-for-tax-purposes\/","title":{"rendered":"Valuation of real estate for tax purposes."},"content":{"rendered":"\n
\"\"<\/figure>\n\n

Valuation of structures for tax purposes – existing property <\/strong><\/h2>\n\n

Tax on structures – 2% of the value of structures on the property – parking, underground networks, other above-ground infrastructure element <\/p>\n\n

Aim to optimize \/ reduce the amount of property tax – tax on structures <\/p>\n\n

Procedure<\/strong> – what should be done for the property where the initial amount of construction tax was declared:<\/p>\n\n

    \n
  1. we verify the amount entered in the declaration<\/strong><\/li>\n\n\n\n
  2. we verify the building inventory (if available) – as-built documentation <\/strong> <\/li>\n\n\n\n
  3. we verify the dates of obtaining an occupancy permit <\/strong>– the date when the tax obligation arises*. <\/li>\n\n\n\n
  4. we check how many structures there are – measurement \/ inventory of structures on the property (from documentation or with the help of a surveyor’s measurement<\/strong> )<\/li>\n\n\n\n
  5. we estimate the values of structures on the basis of measurements and building catalogs<\/li>\n\n\n\n
  6. we compare the values in the estimate vs. the value in the declaration<\/li>\n\n\n\n
  7. we submit a correction to the tax return to the office <\/li>\n\n\n\n
  8. we get a tax refund on the construction (up to 5 years back)**.<\/li>\n<\/ol>\n\n

    *January 1 of the year following the commissioning of the property.<\/p>\n\n

      \n
    • Potential dispute \/ need for clarification with the office regarding the adjusted amount.<\/li>\n\n\n\n
    • Estimate Report – the basis for discussion regarding the value of taxable structures <\/li>\n<\/ul>\n\n

      Valuation of structures for tax purposes – property just before commissioning<\/strong><\/h2>\n\n

      Tax on structures – 2% of the value of structures on the property – parking, underground networks, other above-ground infrastructure element <\/p>\n\n

      Optimization goal – tax on structures <\/p>\n\n

      Procedure<\/strong> – what steps to follow for filing the first property tax return when there is no information from GW regarding the value of the structure <\/p>\n\n

        \n
      1. we verify the building inventory (if available) – as-built documentation <\/strong> <\/li>\n\n\n\n
      2. we verify the dates of obtaining an occupancy permit – the date when the tax obligation arises*. <\/li>\n\n\n\n
      3. we check how many structures there are – measurement \/ inventory of structures on the property – as-built documentation – from documentation or measurement by a certified surveyor<\/li>\n\n\n\n
      4. we estimate the values of structures on the basis of measurements and building catalogs<\/li>\n\n\n\n
      5. we submit to the office the first declaration for property tax – tax on structures <\/li>\n<\/ol>\n\n

        *January 1 of the year following the commissioning of the property.<\/p>\n\n

          \n
        • Estimate Report – the basis for discussion regarding the value of taxable structures <\/li>\n<\/ul>\n\n
          \"\"<\/figure>\n\n

          <\/p>\n\n

          <\/p>\n\n

          <\/p>\n","protected":false},"excerpt":{"rendered":"

          Valuation of structures for tax purposes – existing property Tax on structures – 2% of the value of structures on the property – parking, underground networks, other above-ground infrastructure element Aim to optimize \/ reduce the amount of property tax – tax on structures Procedure – what should be done for the property where the […]<\/p>\n","protected":false},"author":1,"featured_media":244764,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[91],"tags":[],"class_list":["post-245158","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/corees.ebrandico.com\/en\/wp-json\/wp\/v2\/posts\/245158","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corees.ebrandico.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corees.ebrandico.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corees.ebrandico.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/corees.ebrandico.com\/en\/wp-json\/wp\/v2\/comments?post=245158"}],"version-history":[{"count":2,"href":"https:\/\/corees.ebrandico.com\/en\/wp-json\/wp\/v2\/posts\/245158\/revisions"}],"predecessor-version":[{"id":245164,"href":"https:\/\/corees.ebrandico.com\/en\/wp-json\/wp\/v2\/posts\/245158\/revisions\/245164"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corees.ebrandico.com\/en\/wp-json\/wp\/v2\/media\/244764"}],"wp:attachment":[{"href":"https:\/\/corees.ebrandico.com\/en\/wp-json\/wp\/v2\/media?parent=245158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corees.ebrandico.com\/en\/wp-json\/wp\/v2\/categories?post=245158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corees.ebrandico.com\/en\/wp-json\/wp\/v2\/tags?post=245158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}