RETAX - Rethinking Real Estate Taxation in Flanders Hasselt University
The RETAX project addresses one of the most critical and long-lasting issues in real estate taxation in Flanders: the reevaluation of the cadastral income (CI). The CI is an estimate of the rental value of a property and serves as the base of the property tax. The tax code states that the CI should be revised every ten years. Despite the initial intention to do so, they have never received an update since their first valuation in 1975. The ...