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The FEMP promoting a reform of the Land Registry Act to amend the valuation of developable land undeveloped (30/09/2014)

The Governing Board of the FEMP -Federation Spanish Municipalities and Provinces-, which is part of the Mayor of Murcia, Miguel Ángel Cámara, this morning approved a proposal to allow the developable land that are undeveloped soils are classified as nature rather rustic floors urban nature, the purpose of their assessed valuation.

House, who chairs the Committee on Local Farms and FEMP Funding, explained that the reform of the consolidated text of the Law on Real Estate Cadastre RDL 2/2004 of 5 November this will require in order to provide a comprehensive response to the situation presented in the light of the Supreme Court of 30 May 2014 establishing new criteria for classification and valuation undeveloped developable land.

The Mayor said that this reform will not have developed developable land cadastral valuation well below the currently valid with a decreased share of the resulting effect on IBI.

In this sense, since last June were held technical meetings between representatives of the FEMP and the Directorate General for Cadastre in order to agree on changes to the relevant legal papers chord establish assessed values ​​as established by the Supreme Court.

Among other criteria, and to enable these determinations in 2015 can apply the simplified valuation and establishing effective mechanisms to adjust the boundaries of existing urban nature floor procedure also changes.

The proposal requires the developable land that are undeveloped land shall be assessed as rather rustic nature of urban soil nature, for purposes of assessed valuation.

Moreover, while a specific ministerial order for the assessment is approved, the existing order of modules 2006 in the terms established in the reform of the consolidated text of the Law on Real Estate Cadastre applies.

Source: Ayuntamiento de Murcia

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