cadastral value

9.3

An official value for land and buildings used to calculate property tax

noun
/ˈkæd.ə.strəl ˈvæl.ju/

Formal

: valor catastral

The local council used the cadastral value to determine the annual property tax bill.

Examples

Disputes can arise if the cadastral value of a house is set much higher than its market value.
Every few years, the government updates the cadastral value to reflect changes in property assessments.
The cadastral value of the property increased this year.
What is the cadastral value of your house?
The local council used the cadastral value to determine the annual property tax bill.
Every few years, the government updates the cadastral value to reflect changes in property assessments.
Disputes can arise if the cadastral value of a house is set much higher than its market value.

Synonyms

tax assessment

vscadastral value

Formal

1 3.7

An official value of property or income that shows how much tax you must pay

applies only to property including land and buildings for calculating property taxes

Surface Forms

cadastral value singular

cadastral values plural

Morphology

cadastral + value

The noun phrase is compositionally transparent: 'cadastral' (related to land maps/ownership records) simply restricts 'value' (worth) to the registered/official value of property. Although the term is technical, a learner who knows both constituent meanings can infer it refers to the official/property worth used for taxation.

Etymology

Cadastral value comes from old public lists and maps that showed every piece of land and a number for how much it was worth. So the cadastral part refers to the official land record and the value is that official number, which is used 'to set property taxes'.