Our Real Estate team has written a report on ITBI – Market Value X Declared Value – Understandings of the Courts of Justice – STJ Theme 1,113. According to our experts, many taxpayers have filed lawsuits seeking to rule out arbitration of the reference value by the municipalities to calculate the ITBI, since these values often exceed the market value of the property or the real value of the operation, which results in in amounts higher than those collected by taxpayers as ITBI.
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