In this article you will find:
- What happens when the IPTU is delayed
- How to take a duplicate of the IPTU and consult a delayed IPTU
- How to pay IPTU late
The beginning of each year is always synonymous with financial planning for homeowners. This is because the city halls send notifications for payment of the Property and Urban Territorial Tax (IPTU), a fee charged annually and which can be paid in a single installment or month by month.
Planning is important so that the property is not late with IPTU, which can become a major headache for residents. We have prepared this article to explain the consequences of not paying IPTU, how to check if the property is late with IPTU and how to settle the outstanding installments.
It is important to keep in mind that the value of the tax varies according to the location and characteristics of the property - in general, more valued neighborhoods have higher property taxes. Tax collection is provided for by the Federal Constitution and is based on the property's market value.
According to the Municipality of São Paulo, for real estate that is exclusively or predominantly used as a residence, IPTU is calculated at the rate of 1% of the venal value, with additions and discounts defined by venal value ranges. For other built properties and land, the tax is calculated at the rate of 1.5% of the market value, with additions and discounts also defined by ranges of market value.
www.skymarketing.com.pk strives to be Pakistan's biggest real estate developer ever, guaranteeing the highest international standards, prompt execution, and lifetime customer loyalty. With projects like park view city location
What happens when the IPTU is delayed?
After all, is it really so serious to be late with IPTU? What happens when the IPTU is delayed? One of the consequences of not paying IPTU is the enrollment in the Municipal Debt. This means that the city may seek payment of overdue installments in court, which may ultimately result in the attachment of assets to settle the amount due.
Another difficulty that those with late IPTU may face is when selling or renting their property. In cases of sale with bank financing, for example, the financial institution will require proof of discharge from the IPTU. Likewise, tenants can also request a receipt, even if the tax is always in the name of the owner.
If your question is about 'how long can I delay IPTU?', Know that there is no formal answer. Generally, city halls only resort to registering the property in Active Debt after one year without any payment. But each case is different.
How to take a duplicate of the IPTU and consult a delayed IPTU
To consult IPTU in arrears in São Paulo, the city hall website provides the information. Just login here and fill in the property registration number. Then, pay attention to how to remove the duplicate of the property tax.
In São Paulo, the delayed IPTU ticket can be issued if the property owner does not receive or lose the ticket and if the document is lost. Access the website to see if you are late with IPTU and choose if the payment will be in a single installment or if you prefer to installments.
How to pay IPTU late
As mentioned, it is possible to choose how to pay IPTU late - whether in a single installment or in installments. The ticket is issued on the City Hall website. But is there any guidance on where to pay IPTU late? Payment can be made at any of the participating banks, check the list here.
And how to install late IPTU? The City Hall started to offer a new opportunity to pay the tax of those who are in the Active Debt, with installments up to 36 times, provided that the installment is greater than R $ 133.
To pay off the debt without having to go to the service stations. Service, the taxpayer can access the Active Debt website and simulate the installment plan. Choose the IPTU option and insert the SQL (Sector, Court, and Lot) present in the letter received or in IPTU slips from previous years. Then, see the simulation of the payment between 2 and 36 installments, remembering that the value of the installment must be greater than R $ 133.