I’d like to buy a house and after some visits, started my calculations. Naturally, I need to simulate my taxes to reflect mortgage interest, maintenance, fortune and income (due to valeur locative/Eigenmietwert/imputed rental value).
I asked the owner of one property for sale and he was quick to get back to me: significantly over 100k yearly. Is this even possible? A fair bit of land only good for cows but still… And the owner is someone of relatively modest means. That completely ruins my simulation of course. No go.
Also, does anyone know a source of typical values? Let’s say ‘old house with a bunch of land in the mountain’ or ‘30 year old house near the road’ or whatever. Basically, I’m not at all confident in the data that I’m getting and am hesitant to contact the commune/Gemeinde for specific properties (if they would even give it to me since I believe that it’s written in the registre foncier).
I’m no specialist and others may be able to help you more.
To me, it sounds like you’ve been given the taxable value of the parcel (available through the land registry extract) rather than the imputed rental value you were asking. There can be a coefficient applied to that taxable value when it comes to calculating the taxes due on the land (outside of imputal value, still). Said taxes may vary from commune/Gemeinde to commune/Gemeinde, the local land registry office (commune/Gemeinde) should be able to provide you with more accurate informations regarding how this land would be taxed.
I’ve no idea how to get an idea of the imputed rental value if the previous owner appears to be unable to provide it (which can happen more often than we’d like).
it sounds like you’ve been given the taxable value of the parcel (available through the land registry extract) rather than the imputed rental value you were asking
Agreed. If the imputed rental value is even 60% of the taxable value, I’m still falling from my chair. But I’m new to this, so I thought that I’d ask you lot!
You can maybe ask for a certificate. Some cantons have these which need to be provided with the tax return each year.
It’s not. It would be 60% of the rent practiced on similar goods in the neighborhood. Assessing that is rather artsy, so outside of being given the value used by the tax office, it’s hard to assess accurately. You may try by looking for similar goods to let on your favourite online real estate portals, and then take 60% of that as your estimate, with a margin for error.