Valuation of structures for tax purposes – existing property

Tax on structures – 2% of the value of structures on the property – parking, underground networks, other above-ground infrastructure element

Aim to optimize / reduce the amount of property tax – tax on structures

Procedure – what should be done for the property where the initial amount of construction tax was declared:

1. we verify the amount entered in the declaration
2. we verify the building inventory (if available) – as-built documentation
3. we verify the dates of obtaining an occupancy permit – the date when the tax obligation arises*.
4. we check how many structures there are – measurement / inventory of structures on the property (from documentation or with the help of a surveyor’s measurement )
5. we estimate the values of structures on the basis of measurements and building catalogs
6. we compare the values in the estimate vs. the value in the declaration
7. we submit a correction to the tax return to the office
8. we get a tax refund on the construction (up to 5 years back)**.

*January 1 of the year following the commissioning of the property.

• Potential dispute / need for clarification with the office regarding the adjusted amount.
• Estimate Report – the basis for discussion regarding the value of taxable structures

Valuation of structures for tax purposes – property just before commissioning

Tax on structures – 2% of the value of structures on the property – parking, underground networks, other above-ground infrastructure element

Optimization goal – tax on structures

Procedure – what steps to follow for filing the first property tax return when there is no information from GW regarding the value of the structure

1. we verify the building inventory (if available) – as-built documentation
2. we verify the dates of obtaining an occupancy permit – the date when the tax obligation arises*.
3. we check how many structures there are – measurement / inventory of structures on the property – as-built documentation – from documentation or measurement by a certified surveyor
4. we estimate the values of structures on the basis of measurements and building catalogs
5. we submit to the office the first declaration for property tax – tax on structures

*January 1 of the year following the commissioning of the property.

• Estimate Report – the basis for discussion regarding the value of taxable structures