What does I.B.I. stand for in Spanish real estate assets? (2007-04-17)

16 Dec What does I.B.I. stand for in Spanish real estate assets? (2007-04-17)

IBI, or Impuesto de Bienes Inmuebles, means the municipal real estate tax. This tax is charged annually by the municipality. Every IBI receipt shows the real estate property’s cadastral reference number (important for several other tax declarations) as well as the official assessed value of such property.