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How to Calculate Real Estate Contributions? – Placement Immo

How to Calculate Real Estate Contributions?

Payment of land donations is a compulsory tax stipulated by law number. The 17,235 applies to the local tax and is due once a year in 4 installments expiring in April, June, September and November.

These payments are distributed to municipalities to fund community development initiatives such as investments in infrastructure, recreational areas, social programs, and street lighting.

If you are paying property tax for the first time, the first thing you need to know is how to calculate your property tax.

This way we can clearly see what we owe and how much.

How to Calculate Real Estate Contributions?

According to the Internal Revenue Service (SII), your total contribution is your net contribution plus two surcharges.

The tax increase is 0.025% and the second increase already mentioned is 100%. However, it should be noted that this rate calculation also includes location and will focus on residential properties in the context of this note.

Let’s see step by step how to get the information you need to calculate your dues payment.

  • First, you need to consider the valuation and exemption of the asset (or tax base). You can consult with the ROL on the Tax Certificate Portal. Some properties are exempt from donations due to taxation, but it is important to pre-certify on the SII portal or office.
  • Therefore, in the case of residential real estate, it is necessary to consider the tax rate applied when taxable expertise is applied in stages. For valuations of $118,571,329 or less, the annual tax rate is 0.933%. For portions over $118,571,329, the annual interest rate is 1.088%.
  • Other Factors Affecting Property Tax Payments

    In addition to what has already been mentioned, it should be taken into account that the extension also affects the contribution calculation.

    For example, if you buy a 100-square-meter home with a tax assessment of $150,000,000 and then expand it to 50 square feet, its value increases.

    Even if a swimming pool is built that is not recognized as an extension, the reform will later be re-incorporated into the tax base as long as it is recognized as construction.

    The only way to avoid bills is to buy a fiberglass pool that can be assembled and disassembled for shipping to another location. In this case, it cannot be considered as a construction project, so no membership fee is payable.

    Is there any other way to know how much I have to pay?

    If you want to avoid the calculations, you can take the direct route and enter the SII portal. Here we can see how much we have to pay for our donations and it will also save you time because you can make payments by linking your bank account.

    Failure to pay dues on time will increase interest, so it is best to notify us in advance and fulfill this promise on time.