EL PRECIO DE TU APARTAMENTO; TODA LA VERDAD: Bancos, DGIII y el Mercado

Your apartment can have three different prices: the market price, the bank's price, and the tax value according to the DGII (Dominican Republic's tax authority). And although it may seem contradictory, all three can be legal. In this video, we analyze why the same property in the Dominican Republic can be worth different amounts depending on who is appraising it and for what purpose: buying, selling, mortgaging, inheriting, or paying taxes. We'll also see how these differences affect the buyer, the seller, the investor, the developer, and the real estate agent. The key question is simple: Which of those prices really matters to you? Leave your opinion in the comments: Have you ever compared the tax value of your property with its actual market price? SOURCES AND REFERENCES: Dominican Republic Internal Revenue Service (DGII) — Property Value / IPI: dgii.gov.do Dominican Republic Internal Revenue Service (DGII) — Real Estate Wealth Tax: dgii.gov.do Dominican Republic Internal Revenue Service (DGII) — Real Estate Transfer: dgii.gov.do Law 108-05 on Real Estate Registration, Dominican Republic: poderjudicial.gob.do Dominican College of Engineers, Architects and Surveyors (CODIA): codia.org.do CATA-CODIA, Cadastre and Appraisal Chapter: codia.org.do Edgar Barnichta Geara — Dominican Real Estate Tax Analysis: listindiario.com / edgarbarnichta.do Robert J. Shiller — Irrational Exuberance / Yale University eAppraiseIT Case / Washington Mutual — Reuters Law 5/2019 on Real Estate Credit Contracts, Spain: boe.es Lincoln Institute of Land Policy — Property Tax / Land Policy: lincolninst.edu #RealEstateCapital #RealEstateRD #DGII #RealEstateAppraisal ⚠️ NOTICE: The content of this channel is for educational and entertainment purposes only. The information shared on Real Estate Capital does not constitute, under any circumstances, financial, legal, or investment advice. Investing in real estate involves risks; therefore, each opinion expressed is only a point of view and not a purchase recommendation or strategy. We are not obligated to update the content, and our opinions may change without prior notice. Always remember to conduct your own research before committing your capital.