Assessment

Assessment

When does an assessment arise?

• At this stage, an internal departmental board will decide whether an Architect should be sent by the department to inspect the property to establish its market value;

• Although valuations are carried out professionally, they remain subjective. For this reason, the law allows a 15% tolerance between the declared value and the market value as established by the department’s Perit.

• If the difference between the market value as established by the department’s Architect and the price declared is more that 15%, the department will issue a claim (assessment) both on the buyer and the seller.