What is property taxable value in SAP RE - Real Estate Management?

SAP Term: property taxable value

• Component: RE

• Component Name: Real Estate Management

• Description: A basis for assessment. In Portugal, the taxable value is calculated from the value of the property and affects the property tax, stamp tax, and rent adjustment according to New Urban Lease Act NULA to be paid. In Portugal, it is known as Valor Patrimonial Tributário VPT.

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• Key Concepts: 
  Property Taxable Value is a term used in SAP Real Estate Management (RE-FX) to refer to the value of a property that is subject to taxation. This value is determined by the local tax authority and is used to calculate the amount of taxes due on a property. 
  
  How to use it: 
  In SAP RE-FX, the Property Taxable Value is used to calculate the amount of taxes due on a property. The Property Taxable Value can be entered manually or imported from external sources. Once the value has been entered, it can be used to calculate the amount of taxes due on a property. 
  
  Tips & Tricks: 
  It is important to ensure that the Property Taxable Value is accurate and up-to-date in order to ensure that the correct amount of taxes are calculated. It is also important to ensure that any changes in the Property Taxable Value are reflected in the system in order to ensure that the correct amount of taxes are calculated. 
  
  Related Information: 
  The Property Taxable Value is just one of many terms used in SAP RE-FX. Other terms include Property Market Value, Property Acquisition Cost, and Property Depreciation Value. Understanding these terms and how they interact with each other can help you better understand how SAP RE-FX works and how it can be used to manage real estate properties.