Real estate valuation for taxation in 2026: guide for legal entities

What is a valuation for taxation

A valuation for taxation has a specific purpose: estimating the taxable value of buildings for the calculation of local tax. It is not a valuation for sale, it is not a valuation for the bank and it is not automatically a valuation for financial statements. It is a report made for a specific fiscal framework, and its use for other purposes may be wrong.

For legal entities, the topic is important because buildings can have significant values, and an outdated tax base can lead to increased rates or tax costs that are difficult to budget. In 2026, the discussion is all the more relevant as many reports with an older reference date fall within the scope of term checks.

Who can prepare the report

ANEVAR specifies that the evaluation for the purpose of establishing the taxable value of a building can be carried out by authorized appraisers with the specialization in real estate property valuation, EPI, or by corporate members under the applicable conditions, the report being to be prepared by appraisers with the specialization in EPI. This requirement is not formal. It ensures that the report is prepared by a competent person for the asset category and for the fiscal purpose.

What a company should check in 2026

The first step is to inventory the buildings. Don't start from the impression that it "knows accounting". Check the list of properties, addresses, cadastral numbers, destinations, dates of the latest reports, any acquisitions, modernizations, extensions, partial demolitions or changes of use.

The second step is to check the deadlines. The taxable value of the buildings must be analyzed in relation to the legislation and the rules of the competent local authority. Public information from local departments in 2026 shows the importance of updating on time and submitting the report by the deadline applicable in the reference year. To be safe, the company should check the exact requirements with the tax and taxation department of the locality where the building is located.

The third step is to choose the appraiser and prepare the documents. The appraiser needs property deeds, cadastral documents, information about areas, destination, works, authorizations, receptions, special situations and, where applicable, accounting or technical data. The lack of documents does not make the valuation impossible in all cases, but it can introduce assumptions, limitations and delays.

Common mistake: confusion between fiscal and accounting

Many companies use the term “revaluation” for any value update. In reality, valuation for taxation and valuation for financial reporting have different purposes. A taxable value is not the same as the fair value in the financial statements. A fiscal report should not be used mechanically in accounting, and an accounting valuation does not automatically replace the report required for local tax.

This confusion produces two risks: you pay for a document that does not serve your intended purpose or, worse, you use a document in a context for which it was not prepared.

What happens if you don't update the report

The most visible consequence may be the application of an increased tax rate, according to the applicable tax rules and local decisions. But the problem is not only the amount paid. A company that does not control its evaluation deadlines loses its budgetary predictability. In addition, when sales, financing, audits or litigation occur, the lack of clear records of the reports becomes a signal of patrimonial disorder.

Checklist for the administrator

Check whether all the company's buildings appear in the internal records. Check whether the declared destination corresponds to the actual use. Check the date of the last report and the reference date. Check whether there have been authorized works, receptions, extensions or changes of ownership. Check the local submission deadline. Check whether the appraiser has the EPI specialization.

Challenge for the reader

Don't just ask "when does the report expire?". Ask "what buildings do I have, in which localities, with what destinations, with what documents and what fiscal risk if I don't update on time?". The difference between the two questions is the difference between reaction and management.

Sources consulted

• ANEVAR - Valuation for taxation

• ANEVAR - Valuation standards and GEV 500

• Adrian Vascu - How are company buildings taxed in 2026

• FairValue - Building tax: what you need to know

• SPIT Constanța - Information on unvalued buildings 2026