Modelo 210 Guide
Cadastral Value and Modelo 210: How the Valor Catastral Determines Your Tax
The cadastral value is the basis for your Modelo 210 as a non-resident. We explain how the valor catastral works, where to find it, and how to calculate your tax correctly.
Do you need to file Modelo 210?
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If you own property in Spain but live abroad, you owe an annual non-resident tax via Modelo 210 — even if the property is never rented out. The amount you pay depends almost entirely on one number: the valor catastral (cadastral value).
At a Glance
- The valor catastral is the official administrative value assigned to every property in Spain — and the sole tax base for your Modelo 210 on self-use.
- You find it on your annual IBI notice (Impuesto sobre Bienes Inmuebles) — the local property tax bill from your municipality.
- The tax base is calculated as cadastral value multiplied by 1.1% (revision on or after 1 January 2012) or 2.0% (revision before 1 January 2012).
- EU/EEA residents pay 19% on that base; UK, Swiss and other non-EU residents pay 24%.
- The purchase price or market value of your property is irrelevant for the Modelo 210 on self-use.
Why the Cadastral Value Matters
Spain taxes non-resident property owners on so-called renta imputada — imputed income. The idea: even if you never rent the property, the state assumes you derive a benefit from owning it. Your Modelo 210 declaration reports this imputed income and calculates the tax owed.
The starting point for the calculation is always the valor catastral. This figure is set by the Catastro (Spain's land registry) and appears on your annual IBI notice. It is not the market value, not the purchase price, and not the value declared in your deed — it is a separate administrative valuation.
How the Cadastral Value Is Set
The Catastro assigns a valor catastral to every registered property in Spain. The value is based on a ponencia de valores — a mass appraisal carried out by the municipality and approved by the Direccion General del Catastro. Factors include location, size, age, building quality, and permitted land use.
Revaluations do not happen every year. Some municipalities revise their ponencia every 8-10 years; others go much longer without an update. Between revisions, the cadastral value is adjusted only by annual inflation coefficients set in Spain's national budget law.
The year in which the most recent ponencia took effect for your municipality is called the ano de revision catastral. This date is critical because it determines which percentage factor applies to your Modelo 210 calculation.
Why Is the Cadastral Value Often So Low?
In many parts of Spain — especially in popular areas of Mallorca — the cadastral value is a fraction of the market value. This is because ponencias de valores reflect conditions at the time of the last revaluation, not current prices.
Example Port d'Andratx: A villa with a market value of around 2,500,000 may have a cadastral value of just 180,000-250,000. The last ponencia for Andratx predates the recent price boom.
Example Santa Ponsa (Calvia): Calvia carried out a revision in 2017, so values are more up-to-date — but still well below market prices. An apartment selling for 600,000 might have a valor catastral of 90,000-120,000.
The low cadastral value works in your favour for the Modelo 210: it keeps the imputed income — and therefore the tax — modest.
The 1.1% / 2.0% Rule
The imputed income is not the full cadastral value — it is a small percentage of it. Which percentage applies depends on when the municipality last carried out its ponencia de valores:
| Ano de revision | Factor |
|---|---|
| Revaluation on or after 1 January 2012 | 1.1% |
| Revaluation before 1 January 2012 | 2.0% |
The cutoff date is fixed at 1 January 2012 (source: DA 55 LIRPF / AEAT Manual Renta 2025 §7.3.4).
Calvia example: The municipality of Calvia (covering Santa Ponsa, Palmanova, Magaluf, etc.) carried out its most recent ponencia in 2017. Since 2017 falls on or after 1 January 2012, the 1.1% factor applies.
Worked Example
Valor catastral: €95,000
Ano de revision: 2017
→ Factor: 1.1 %
Tax base (total): 95,000 × 1.1 % = €1,045
Per owner (50 %): €522.50
Tax rate (EU resident): 19 %
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
Tax per owner per year: 522.50 × 19 % = €99.28
Both owners together: 2 × €99.28 = €198.55 per year.
With Fiscaro: Both declarations for a couple cost €59.95.
What About 2 Owners?
Each owner files a separate Modelo 210. If you and your partner own the property 50/50, each of you declares half the imputed income and pays tax on your share individually.
Fiscaro handles this automatically: you enter the number of owners, and the wizard generates one declaration per person — with the cadastral value split proportionally.
The filing deadline for self-use is 31 December of the year following the tax year (until tax year 2025; from tax year 2026: 1 April – 31 December, Order HAC/623/2026). If you pay via SEPA direct debit, the deadline is earlier — typically around 20 December — so plan ahead.
Where to Find Your Cadastral Value
1. IBI Notice
The most reliable source. Your municipality sends the IBI bill annually. It shows the valor catastral prominently — usually labelled "Valor catastral del suelo" (land) and "Valor catastral de la construccion" (building). The total of both is the figure you need.
2. Catastro Portal
At sedecatastro.gob.es you can look up basic property data using the Referencia Catastral. For the full valor catastral, you may need a digital certificate or Cl@ve PIN.
3. Escritura (Title Deed)
Your purchase deed from the notary contains the Referencia Catastral. Some deeds also quote the valor catastral at the time of purchase — but note that the value may have changed since then.
Found your cadastral value? Calculate your tax now →
Common Mistakes
Wrong factor (1.1% vs 2.0%): Applying 2.0% when your municipality was revalued on or after 1 January 2012 — or vice versa — leads to an incorrect tax base. Always check the ano de revision on your IBI notice before filing.
Purchase price instead of cadastral value: The price you paid for the property is not the tax base. Using the purchase price instead of the valor catastral massively overstates your tax. The cadastral value is typically a fraction of the market price.
Fiscaro validates your inputs and flags implausible values before submission. Start your declaration →
Self-Use vs. Rental
| Usage | Tax base |
|---|---|
| Self-use | Cadastral value × factor |
| Rental | Actual rental income |
| Mixed use | Separate declarations |
If your property is rented for part of the year and self-used for the rest, you file separate Modelo 210 declarations for each period — one based on rental income, the other on the cadastral value.
What Does This Mean in Practice?
- ✓ Collect your IBI notice — it contains your valor catastral and the ano de revision.
- ✓ Check whether the revision falls on or after 1 January 2012 (1.1%) or before that date (2.0%).
- ✓ Multiply the cadastral value by the factor to get your imputed income.
- ✓ Apply the correct tax rate: 19% for EU/EEA residents, 24% for others.
- ✓ File before 31 December of the following year (until tax year 2025; from 2026: 1 April – 31 December, Order HAC/623/2026) — or let Fiscaro handle it in minutes.
Related Questions
- What if the cadastral value of my property is below market value?
- What is imputed income in the context of Modelo 210?
- How does the Modelo 210 work for owner-occupied properties?
- Modelo 210 for a Finca on Mallorca — what applies?
Sources
- Real Decreto Legislativo 5/2004 — IRNR (Non-Resident Income Tax Act)
- Sede Electronica del Catastro
- Agencia Tributaria (AEAT)
Conclusion
The cadastral value is the single most important number for your Modelo 210 on self-use. It determines your tax base, and getting it right — along with the correct factor and tax rate — is the difference between an accurate filing and a costly mistake.
The good news: once you have your IBI notice, the rest is arithmetic. Fiscaro automates that arithmetic and files your Modelo 210 directly with the AEAT.
File your Modelo 210 now — From €34.95 per declaration. Fiscaro calculates your tax from the cadastral value and files directly with the AEAT. File Modelo 210 now →
Frequently Asked Questions
Do I need to find the cadastral value myself? No — you need the value from your IBI notice. Fiscaro asks for it in the wizard and calculates the tax automatically, including the correct factor and tax rate.
Can the cadastral value differ from market value? Yes, significantly. The valor catastral is typically well below the market value — especially for luxury properties in sought-after locations in Mallorca.
What is the Referencia Catastral? A 20-digit identification number that uniquely identifies every property in Spain. It appears in the Escritura and on the IBI notice. Fiscaro uses it to cross-check your data.
Where can I find the Ano de revision? On your IBI notice — usually under "Ano de revision catastral". It is the decisive date for choosing the correct factor (1.1% or 2.0%).
Does the cadastral value apply to UK and Swiss owners too? Yes — the valor catastral is the calculation basis regardless of residence. Owners outside the EU and EEA — including the UK and Switzerland — currently pay 24% instead of 19%.
What happens if my cadastral value was recently reassessed? When a new ponencia de valores takes effect, the base value usually rises — but the multiplier drops from 2.0% to 1.1%. The effective tax burden often stabilises in the first years and does not necessarily increase.
Do I need to check the cadastral value every year? Recommended but not mandatory. The value can change when your municipality carries out a new ponencia. Checking your current IBI notice before each annual declaration is the safest approach.
Can the cadastral value be wrong? In principle, yes — recording errors or outdated building data can occur. If you suspect an error, you can request a correction from the Direccion General del Catastro. For the Modelo 210, however, the current official value applies.
What if no cadastral value has been set yet (e.g. new build)? For new builds it often takes several years for the Catastro to register the value. Where no valor catastral exists, a statutory substitute procedure under the IRNR rules applies based on a tax reference value.
What if I no longer have my IBI notice? You can alternatively retrieve the cadastral value via the Catastro portal using your Referencia Catastral. For new purchases, the notary provides the Referencia Catastral in the Escritura.
Does the cadastral value apply to inherited properties? Yes. The same rules apply to inherited properties: the valor catastral for the relevant tax year is decisive. Every co-owner — including members of an estate — files a separate Modelo 210 for their share.
What is the difference between cadastral value and market value? The cadastral value is an official administrative value — the market value reflects the actual price. Only the cadastral value is relevant for the Modelo 210.
Does the cadastral value matter when selling a property? Yes — indirectly. When selling, the cadastral value is used to calculate the local capital gains tax (Plusvalia Municipal). For the ongoing Modelo 210 on self-use, it remains the sole tax base.
Hanns-Christopher Deppe
Founder of Fiscaro · Real Estate Economist & Dipl. Industrial Engineer · Agent in Mallorca
Hanns-Christopher has lived in Mallorca for over 15 years and has guided hundreds of non-residents through their Spanish tax obligations. He founded Fiscaro to make the Modelo 210 process as simple as possible.
This article is for general information purposes only and does not constitute individual tax advice. For an assessment tailored to your specific circumstances, we recommend consulting a qualified tax adviser or Spanish gestoría.
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