Understanding the cadastral value (i.e., assessed value) is vital for anyone looking to buy property in Italy or who already owns property. This official value, different from the market price, is key for calculating your Italian property tax. When you purchase a home in Italy, the cadastral value impacts your annual tax obligations. Whether it's your first home or a second property, this value determines the tax rates and potential exemptions, making it essential for planning your finances accurately. In this episode of the Italian Real Estate Podcast hosted by Italian attorney Marco Permunian and dual citizen expat podcaster Rafael Di Furia, we'll learn about how the cadastral value is determined, its role in tax calculations, and the differences between market prices and assessed values.