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NB Valor catastral is neither the market value nor the value that the tasadores might put on a property for mortgage purposes. More like for tax purposes. Here in Spain catastro has been horrifying house owners by bringing many values more in line ...
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Edward Tully Local time: 00:13 Specializes in field Native speaker of: English PRO pts in category: 957
Explanation: This is the value of the property according to the land register, and is the value used for levying land tax (in Ireland, it would be called "rateable valuation" i.e. for calculating rates = property tax).
Any resemblance to the actual market value of the property is purely coincidental.