The IBI is, like all taxes, an unpleasant economic outlay. Not even your other denomination, “the contribution”, helps to make this rate more friendly. Their annual rises, often unexpected, or misinformation about the amount to be paid, are some of the reasons that lead many citizens to fear this tax. In this article we tell you how the IBI is calculated , how to liquidate it, why the mini-loans have become an aid to pay their amount and other details of interest. We will also talk about how to calculate the IBI in an estimated way so that you have an unpleasant surprise at an unforeseen time. So you can save calmly without having to wait until the last moment.
The first thing is to know what the IBI is exactly. Its name is Real Estate Tax, that is, it is not a tax that taxes people, but the floors, apartments, villas, commercial premises, etc. In general, the people obliged to meet the payment of the IBI are the owners of those properties, unless the lease contract specifies that the tenant is responsible for making that payment. It is a municipal tax, so it is the City Councils that process and collect this tax. In fact, it is one of the main sources of funding for these organizations .
How the IBI is calculated
The amount paid in the IBI is the result of a truly complex calculation, so we will see in this article how to calculate the IBI carefully . The municipalities establish this final amount to be paid, although they are based on two important values provided by the central government:
- The cadastral value of each property: it can be consulted on the Cadastral website . This value, which should not exceed 50% of the market value of the property, is calculated based on many variables, such as its location, its age, the cost of the works carried out in it, its state of conservation, etc.
- A coefficient or percentage on this cadastral value. The central government establishes the range of percentages for this increase, which is currently between 0.4 and 1.3% of the cadastral value. Within that range, the municipalities choose the coefficient they want to apply to their municipal IBI.
In addition, each municipality may establish a series of bonuses or reductions, as stipulated by law (protected housing, for example) or according to their criteria (large families, victims of gender violence, etc.). In addition, some institutions are exempt from paying the IBI on their properties, such as embassies of foreign countries, the Red Cross or the Catholic Church.
Because of all this, it can be very problematic to calculate IBI or calculate the estimated IBI.
When the IBI is paid
The tax period of the IBI coincides with the calendar year l. That is, it goes from January 1 to December 31. As a general rule, whoever owns the property on January 1 must be in charge of paying the amount corresponding to that natural year, even if there is a subsequent purchase-sale within that year. Therefore, how to calculate the IBI is a task of the owner of the address.
Regarding the payment period, it depends on each municipality. Each municipality has its corresponding tax period, although many of them establish a voluntary payment period , during which there is usually a small reduction in the amount to be paid.
How the IBI is paid
The IBI can be paid in many ways: in cash in the collection office of each town hall, in the bank offices or by direct debit . Many municipalities, to avoid defaults, promote this last method of domiciliation, establishing reductions in the amount to be paid that can reach 5% of the total. A small percentage but many times when calculating IBI helps save a little.
The problem of the reviews of the IBI and its solutions
It is important to know that, by law, the city councils can (and should) carry out reviews of the IBI every 10 years according to the cadastral value of the property. Or what is the same: as the cadastral value varies with time, normally upwards, the municipalities should adjust their IBI according to these variations in the cadastre. That is why the calculation of the IBI may experience increases from one year to the next. Important information to know how the IBI is calculated. Sometimes, that rise is strong and this is because a certain city council decides to update the IBI after a long time, even after more than 10 years. This update can be done through an IBI calculator , although it can also be carried out using an IBI calculation simulator . In this way you will always know what the estimated amount to pay will be.
Given this situation, which can be considered unforeseen because a citizen on foot need not know when the last update of the IBI with respect to the cadastre has been.
The municipalities, on occasion, facilitate payment by apportioning the increase in the following receipts of the IBI. Other options that you must take into account is the use of the IBI calculator through the internet or the IBI calculation simulator. This way you will not be caught suddenly and you will have clear the amount of money to save to make this payment so variable.
Sometimes, measures such as apportionment are not enough to be able to deal instantaneously with this increase in the receipt, which forces the taxpayer to look for other payment methods. This is where the immediate online loans are presented as a useful solution for the payment of the IBI: in the case of Speedy Loan, you can request up to € 750 of mini-credit, to be paid in a maximum of 30 days, which is quantity and margin enough to settle the payment of the IBI, they are very fast credits . On the other hand, you can make use of new solutions such as the commitment of cars , putting your car as a guarantee.
Therefore, it is not only important to know how the IBI is calculated, but also what payment methods exist and what solutions the owners have to face unforeseen increases such as the credits of our website.