By Javier Jaque, Managing Partner of CCL Auditores Consultores.
According to trends in recent years, the update of the fiscal property assessment set for 2026 by the Internal Revenue Service (SII) would imply a new burden for Chilean households, with the Los Lagos and Los Ríos regions being no exception. For example, data shows that in 2024, revenue from property taxes in Chile increased for the fourth consecutive year.
However, it should be noted that, to date, there are still no objective and public parameters for property valuations, as their application is based on a technique linked to a perspective of appreciation and valuation of land and real estate, making it multifactorial. So much so that there are currently numerous appeal processes regarding reassessments, where taxpayers challenge valuations before different authorities and, in some cases, succeed in overturning the SII’s determination of the property’s actual value.
Therefore, the lack of clear and public parameters in valuations, along with frequent discrepancies between the SII and taxpayers—even for properties in similar areas with different assessed values—makes it necessary to clarify the overall process of fiscal reassessment and address the ongoing perception of arbitrariness by the authorities in charge.
A separate issue is the analysis of adjustments to agricultural properties, which, due to space constraints, will be addressed in future discussions.
Javier Jaque, CCL Auditores Consultores