What is the cadastral value and where do I find it?

The cadastral value (Valor catastral) is the administrative value assigned to a property by the Spanish cadastral authority (Dirección General del Catastro). It is generally the relevant figure for calculating imputed tax under the Modelo 210 — not the market value and not the purchase price. Cadastral values in Spain are typically well below market prices — often at 30% to 60% of the actual market value. This substantially reduces the tax burden for owner-occupied properties. The cadastral value can be found on the IBI assessment (Recibo del IBI), issued annually by the municipality. It also shows the Referencia Catastral and the Año de revisión. Alternatively, the cadastral value can be looked up online through the Sede Electrónica del Catastro. The notarial deed (Escritura) may also contain the cadastral value applicable at the time of purchase. The cadastral value should be distinguished from the market value (actual sale price) and the reference value (Valor de referencia), which has been used since 2022 for certain taxes such as inheritance and transfer tax. For the Modelo 210 calculation on owner-occupied properties, the cadastral value is generally the relevant figure.