Revaluation of property to reduce council tax
#1
Forum Regular
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Joined: Mar 2011
Posts: 75
Revaluation of property to reduce council tax
I recently received an email from the solicitor who was involved in the orginal purchase of our property. They have stated the following:
"If you wish to try to reduce the amount of your Portuguese council tax, in order to reduce your fiscal payments, we propose you to engage our legal services in order to revaluate your property by doing a fiscal simulation of the new patrimonial value and, if this simulation results in a decrease of the actual patrimonial value of your property, fill in the necessary council tax (IMI) declaration in order to apply for this reduction (since the revaluation is not binding, even though based on the same criterions).
So, even though the Civil Engineer is a specialist in property revaluation, the last decision is of the Portuguese Tax Department. Nevertheless, since the patrimonial value of the property is calculated according to a formula that included several items, but is determined by law, we have positive results in IMI future reduction. "
Is it possible to do this? Has anyone successfully reduced their council tax or is it just a money raising scam?
I really need some guidance on this.
Regards
"If you wish to try to reduce the amount of your Portuguese council tax, in order to reduce your fiscal payments, we propose you to engage our legal services in order to revaluate your property by doing a fiscal simulation of the new patrimonial value and, if this simulation results in a decrease of the actual patrimonial value of your property, fill in the necessary council tax (IMI) declaration in order to apply for this reduction (since the revaluation is not binding, even though based on the same criterions).
So, even though the Civil Engineer is a specialist in property revaluation, the last decision is of the Portuguese Tax Department. Nevertheless, since the patrimonial value of the property is calculated according to a formula that included several items, but is determined by law, we have positive results in IMI future reduction. "
Is it possible to do this? Has anyone successfully reduced their council tax or is it just a money raising scam?
I really need some guidance on this.
Regards
#2
Re: Revaluation of property to reduce council tax
the fiscal department is doing reavaluations to everyone but its to increase its value not to decrease.
#3
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Joined: Aug 2007
Posts: 224
Re: Revaluation of property to reduce council tax
Hayles: yes, you can ask for IMI re-evaluation at any time, if you feel you are paying too much.
For instance, this should be done if your property has a number of years old (sorry, not sure how many) since one of the mentioned coefficients is the "coeficiente de vestustez" (aging coefficient) and it decreases with the aging of the property, so IMI reduces accordingly. This should be done automatically, but its not, its only done on request.
Mind you that the IMI re-evaluation request costs about 200 Euros (if I am not wrong), but you only pay if your request has been denied.
You can do it yourself in your Repartição de Finanças filling up some forms, not too bad
For instance, this should be done if your property has a number of years old (sorry, not sure how many) since one of the mentioned coefficients is the "coeficiente de vestustez" (aging coefficient) and it decreases with the aging of the property, so IMI reduces accordingly. This should be done automatically, but its not, its only done on request.
Mind you that the IMI re-evaluation request costs about 200 Euros (if I am not wrong), but you only pay if your request has been denied.
You can do it yourself in your Repartição de Finanças filling up some forms, not too bad
#4
Just Joined
Joined: Jun 2011
Location: Tavira
Posts: 13
Re: Revaluation of property to reduce council tax
I recently received an email from the solicitor who was involved in the orginal purchase of our property. They have stated the following:
"If you wish to try to reduce the amount of your Portuguese council tax, in order to reduce your fiscal payments, we propose you to engage our legal services in order to revaluate your property by doing a fiscal simulation of the new patrimonial value and, if this simulation results in a decrease of the actual patrimonial value of your property, fill in the necessary council tax (IMI) declaration in order to apply for this reduction (since the revaluation is not binding, even though based on the same criterions).
So, even though the Civil Engineer is a specialist in property revaluation, the last decision is of the Portuguese Tax Department. Nevertheless, since the patrimonial value of the property is calculated according to a formula that included several items, but is determined by law, we have positive results in IMI future reduction. "
Is it possible to do this? Has anyone successfully reduced their council tax or is it just a money raising scam?
I really need some guidance on this.
Regards
"If you wish to try to reduce the amount of your Portuguese council tax, in order to reduce your fiscal payments, we propose you to engage our legal services in order to revaluate your property by doing a fiscal simulation of the new patrimonial value and, if this simulation results in a decrease of the actual patrimonial value of your property, fill in the necessary council tax (IMI) declaration in order to apply for this reduction (since the revaluation is not binding, even though based on the same criterions).
So, even though the Civil Engineer is a specialist in property revaluation, the last decision is of the Portuguese Tax Department. Nevertheless, since the patrimonial value of the property is calculated according to a formula that included several items, but is determined by law, we have positive results in IMI future reduction. "
Is it possible to do this? Has anyone successfully reduced their council tax or is it just a money raising scam?
I really need some guidance on this.
Regards
#5
BE Enthusiast
Joined: Mar 2007
Location: Currently in Somerset
Posts: 545
Re: Revaluation of property to reduce council tax
I recently received an email from the solicitor who was involved in the orginal purchase of our property. They have stated the following:
"If you wish to try to reduce the amount of your Portuguese council tax, in order to reduce your fiscal payments, we propose you to engage our legal services in order to revaluate your property by doing a fiscal simulation of the new patrimonial value and, if this simulation results in a decrease of the actual patrimonial value of your property, fill in the necessary council tax (IMI) declaration in order to apply for this reduction (since the revaluation is not binding, even though based on the same criterions).
So, even though the Civil Engineer is a specialist in property revaluation, the last decision is of the Portuguese Tax Department. Nevertheless, since the patrimonial value of the property is calculated according to a formula that included several items, but is determined by law, we have positive results in IMI future reduction. "
Is it possible to do this? Has anyone successfully reduced their council tax or is it just a money raising scam?
I really need some guidance on this.
Regards
"If you wish to try to reduce the amount of your Portuguese council tax, in order to reduce your fiscal payments, we propose you to engage our legal services in order to revaluate your property by doing a fiscal simulation of the new patrimonial value and, if this simulation results in a decrease of the actual patrimonial value of your property, fill in the necessary council tax (IMI) declaration in order to apply for this reduction (since the revaluation is not binding, even though based on the same criterions).
So, even though the Civil Engineer is a specialist in property revaluation, the last decision is of the Portuguese Tax Department. Nevertheless, since the patrimonial value of the property is calculated according to a formula that included several items, but is determined by law, we have positive results in IMI future reduction. "
Is it possible to do this? Has anyone successfully reduced their council tax or is it just a money raising scam?
I really need some guidance on this.
Regards
#6
Forum Regular
Thread Starter
Joined: Mar 2011
Posts: 75
Re: Revaluation of property to reduce council tax
I was a general email trying to generate work. I spoke to a property agent in the area and they thought it was something to avoid.
#7
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Joined: Mar 2011
Posts: 75
Re: Revaluation of property to reduce council tax
Thanks micmc47, it would be really helpful to find out how you get on. Is it really possibel to get your rates (council tax) reduced because property values have reduced?
#8
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Joined: Jan 2011
Location: Silves, Portugal
Posts: 62
Re: Revaluation of property to reduce council tax
Any property which was acquired between 2004 and 2009 would probably benefit from a revaluation. This is because of changes in the coefficients used to calculate the value.
To answer the suscriber who mentioned the general revaluation programme now ongoing, that is only for properties that have not already been valued under the CIMI scheme introduced in 2003 or thereabouts.
If your property was valued more than 3 years ago you can apply for a revaluation . The cost of €204 quoted in this thread is for challenging a valuation and not requesting a new revaluation after over 3 years.
To answer the suscriber who mentioned the general revaluation programme now ongoing, that is only for properties that have not already been valued under the CIMI scheme introduced in 2003 or thereabouts.
If your property was valued more than 3 years ago you can apply for a revaluation . The cost of €204 quoted in this thread is for challenging a valuation and not requesting a new revaluation after over 3 years.
#9
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Thread Starter
Joined: Mar 2011
Posts: 75
Re: Revaluation of property to reduce council tax
Thanks for your reply. Do you know if there is a cost for requesting a new valuation on an apartment which was bought in 2007/08?
#10
Re: Revaluation of property to reduce council tax
A Tribunal in Porto last week ruled after a complaint that these New IMI Evaluations are invalid due to "lack off information" on the Fatura sent ?
Obviously the Gov & Camarás are going to appeal.
Obviously the Gov & Camarás are going to appeal.
#11
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Joined: Jan 2011
Location: Silves, Portugal
Posts: 62
Re: Revaluation of property to reduce council tax
Hayles - whilst you have to pay to challenge a valuation there should not be a cost to request one more than 3 years following the last one.
#12
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Posts: 75
Re: Revaluation of property to reduce council tax
I'll have a go and let you know how I get on. Thanks for the inputs.