Estimating of taxes on secondary property is based on cadastral, not buying value, which is normally 20-40% lower than selling price.
For each property object, noted in Cadastre, depending on its category (Categoria), to which it belongs there is a specific cadastral revenue/tax rate (rendita catastale). The data, necessary for calculations can be taken from the documents for the property (visura catastale).
Then, you need to perform next calculations:
1. Multiply the cadastral revenue by the coefficient, set for one of the categories:
2. Multiply the result from number 1 by a set magnifying coefficient:
Given values: cadastral revenue = 573.27 , category A/3
1. 573,27*120 = 68.792,40
2. 6.8792,40 + 5% = 72.232.02
Cadastral cost of the flat= 72.232, 02
In case this flat is purchased with tax exemption (prima casa):
1. 573, 27*110 = 63.059,70
2. 63.059,70 + 5% = 66.212,69
Valore catastale = 66.212,69