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Increase in property tax assessment in Colombia for 2025: Everything you need to know

If you own real estate in Colombia, it’s important to understand the changes to the property tax assessment (avalúo catastral) for 2025.

Each year, the national government establishes a percentage increase for these values, which can affect the amount of property tax you’re required to pay.

Through Decree 1609 of 2024, the government determined the adjustment of property tax assessments for the upcoming year. Here’s a clear and simple breakdown.

What is the property tax assessment and why is it important?

The avalúo catastral is the official value assigned to a property for tax and administrative purposes.
It serves as the basis for calculating taxes such as the property tax (impuesto predial), so any changes to this value can directly impact what you pay each year.

This value is updated periodically and adjusted annually based on various economic indicators, such as inflation and the Property Valuation Index (IVP).

How much will property tax assessments increase in 2025?

According to Decree 1609 of 2024, the property tax assessment will increase by 3% for most properties in Colombia.
This adjustment is based on the inflation target projected by the Bank of the Republic for 2025, which is 3%.

Here are the updated values for different property types:

✔ Urban properties not formed or updated in 2024: 3% increase
✔ Rural properties not formed or updated in 2024: 3% increase
✔ Rural properties used for agricultural activities: 3% increase

📌 Exception: Properties that were automatically updated in 2024 using IGAC’s mass update methodology will not receive this additional increase.

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How does this affect property owners? 

The adjustment in the avalúo catastral directly impacts the property tax amount. Although the 3% increase seems moderate, it adds to other factors such as possible changes in the tax rate set by your local municipality.

Example:
If your property was assessed at COP $200 million in 2024, it would now be assessed at COP $206 million in 2025.
This could lead to a proportional increase in your property tax depending on the rate applied in your area.

Exceptions and special cases

There are some exceptions to this adjustment:

  • Bogotá and decentralized cadastral systems: Properties in Bogotá and those managed by independent cadastral entities may have different valuation indices.
  • Recently updated properties: If your property was reassessed in 2024 through a detailed technical update, it won’t be subject to the 3% increase.

 

What if you disagree with the new assessment?

If you believe your property was overvalued and this significantly affects your taxes, you can request a reassessment from the Agustín Codazzi Geographic Institute (IGAC) or your local cadastral authority.

🔹 Deadline: There’s typically a specific window after the new assessment is published for submitting a request.
🔹 Requirements: You must present supporting documents such as recent commercial appraisals or evidence showing the assessed value doesn’t reflect market reality.

How to prepare for the 2025 property assessment increase?

If you’re a property owner in Colombia, it’s important to be aware of these updates to plan ahead for your 2025 property tax payments.
While a 3% increase may seem small, it can still impact your budget.

📌 Practical tip: If you have concerns about your property’s assessed value or want to request a reassessment, consult with a real estate expert to make informed decisions.

Have questions about the avalúo catastral and how it affects your property? 

Leave us a comment or contact us for personalized advice.

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Please enable JavaScript in your browser to complete this form.

What will happen after you fill out this form? ​

After submitting the form, your case undergoes a comprehensive review by our team of specialist to assess its viability. Providing clear and concise information about your objectives accelerates this process.

Subsequently, a specialist will be assigned to your case, reaching out to you within a day to clear up details about your case and outline the next steps to help you achieve your goals.

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