Tax property record
The tax property record is the tax authority document holding the property's tax identification and figures, including the Taxable Asset Value (VPT).
What it is, why it matters when bidding, and a worked example.
The record identifies the property on the tax register (article, unit, parish), describes its composition and typology, states the area and year of entry, and shows the Taxable Asset Value (VPT) — the figure property tax is charged on and the minimum reference for computing IMT.
In an auction purchase it matters for two concrete reasons. First, the tax base: IMT is charged on the higher of the acquisition price and the VPT, and in a discounted auction it is often the VPT that governs. Second, composition: what the record describes lets you spot discrepancies against the notice and the registry certificate.
It is also the document that reveals whether the property is classified as residential, commercial or land — and that classification, crossed with the buyer's intention, determines the applicable IMT bracket and therefore a meaningful slice of the acquisition cost.
Example
A flat sells at €52,000, but the tax record shows a VPT of €71,000. IMT is computed on €71,000, not on the price paid — a difference of several hundred euros that only appears in the arithmetic of someone who read the record before bidding.
Frequently asked questions
Is IMT computed on what I paid at auction?
On the higher of the acquisition price and the Taxable Asset Value. In an auction with a meaningful discount it is frequently the VPT that determines the tax.
How do I obtain the tax property record?
From the tax authority portal, using the property's tax identification. Many sale processes publish it among the property's public documents.
Related terms
Go deeper
IMT, stamp duty, fees, registration and works: the true total cost of a bid.
Read the full guide