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If I am over 60 years old, how do I request the property tax exemption for my home?

If I am over 60 years old, how do I request the property tax exemption for my home?

As of the first month of each year, the municipalities They begin to distribute checkbooks or coupon books that detail the amount that each neighbor must pay for certain taxes. One of the best known is the predialwhich taxes the value of the estate urban and rustic on the basis of self-assessment. However, since 2017 there is a benefit that allows adults over 60 years of age to be reduced or exempt from paying this municipal tax, which was previously exclusive only for pensioners. How to request this discount or exemption? We tell you here.

In dialogue with La República, tax lawyer Miguel Carrillo explains that this tax collected by the municipalities It is calculated using a progressive scale, which considers the value of the self-assessment divided into Tributary Tax Units (UIT). It should be noted that by 2023 this value is equivalent to S/4,950.

Self-assessment section Aliquot
Up to 15 Tax Units (S/24,750) 0.2%
More than 15 UIT up to 60 UIT 0.6%
More than 60 ITU 1%

Property tax: requirements to be exempt

The specialist explains that to access the property tax discount or exemption, an amount equivalent to 50 UIT (S/247,500) must be deducted from the value of your property. self-assessment. That is, if this exceeds 50 UIT, the older adult must pay only the difference. “Instead, If my property does not have a value greater than what is established, I will not pay the tax property tax never“, indicates the expert. To access the benefit, you only have to meet the following requirements:

  • Being over 60 years old.
  • owning a single property —not just in the district.
  • This must be in your own name or that of the conjugal partnership.
  • It must be intended for their housing. It can be used partially for productive, commercial or professional purposes with the approval of the respective municipality.
  • Gross income must not exceed 1 monthly UIT (S/4,950).
  Beneficiaries of the deduction or exemption are pensioners and adults over 60 years of age.  Photo: SAT

Beneficiaries of the deduction or exemption are pensioners and adults over 60 years of age. Photo: SAT

For practical purposes, Carrillo presents the following example: “If the self-assessment of my property is calculated at S/270,000, when it exceeds 50 UIT (S/247,500) this amount is subtracted, which yields a result of S/22,500. To this amount we place it on the progressive scale of 15 UIT, whose aliquot value is 0.2%. Then, from this equation it can be deduced that the annual property tax amount to be paid will be S/45 ( 0.2% of S/22,500 = S/45)”.

Property tax: what happens if I don’t pay?

Although many people choose to postpone or simply not pay the property tax, there are consequences that can fall on the owners of properties, such as coercive collection, warns Carrillo. “If you do not pay, split or dispute, you may be subject to a seizure on your bank account or assets”, refers. However, from the other shore, if the municipality has not executed any collection and if four years pass, the debt may prescribe,” he notes.

How to request the exoneration or deduction of property tax?

To request the deduction or exonerationhe Elderly should go to the municipality of your district. Among the documents to be presented are the ID of the owner or the legal representative of the property, the last payment slip or other document that proves the personal income of him or of the conjugal partnership. In addition, proving ownership of the property.

When you deliver it, you should always remember to keep a copy of the document with the receipt stamp and check the deadline for resolving the request.

  For pensioners and adults over 60 years of age, property tax must be deducted from an amount equivalent to 50 UIT.  Photo: Optimal Real Estate

For pensioners and adults over 60 years of age, property tax must be deducted from an amount equivalent to 50 UIT. Photo: Optimal Real Estate

The tax expert lawyer points out that, according to jurisprudence, if today the owner is declared a pensioner or turns 60, he would have to write a simple letter addressed to the municipality to determine the 2024 property tax, because this is only declared from 1 from January to the last business day of February,” he says.

In turn, the specialist adds that if the elderly has been paying a greater amount to the benefit You have the right to get the excess back.

Property tax payment is made at the municipality district where the property is located and, although it is an annual tax, It may be divided into four payment dates (February, April, August and November). Only in the case of the Cercado de Lima, the payment will be made in the Lima Tax Administration Service (SAT).

Source: Larepublica

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