appraisal
fiscal
summary
The fiscal appraisal is essential because it determines the official value of a property and is the basis for calculating taxes such as contributions. It also influences the purchase and sale of real estate, as it serves as a reference for negotiating prices, accessing mortgage loans, and obtaining tax benefits. Knowing the fiscal appraisal is essential for making informed decisions in the real estate market and optimizing costs.
What's the point of knowing?
The tax appraisal is crucial for those looking to invest in real estate in Chile because it directly impacts costs, profitability, and investment strategy. Here's a summary of the key reasons why it's important:
Taxes and Returns: This affects the contributions (land taxes) paid annually. If a property has a high appraisal, the contributions will be higher, which can reduce the return on the investment. It also influences the calculation of capital gains tax when the property is sold.
Market Value and Capital Gain Potential: Although the assessed value is not the market value, it helps identify whether a property is overvalued or undervalued. If the assessed value is low in a developing area, it could indicate an opportunity for long-term capital gains.
Access to Mortgage Loans: Banks use the tax assessment to determine the mortgage loan amount. If the assessment is low, it could limit available financing, which would affect the ability to make the purchase.
Tax Exemptions: Properties with low tax assessments may be exempt from taxes, which can reduce the fixed costs of the investment. It could also influence the tax calculation upon sale.
Investment Strategies: Tax assessments help investors identify undervalued areas with potential for appreciation. Analyzing the difference between appraisals in different areas also allows for informed decision-making to maximize profitability.