Portuguese real estate taxation, land use and noise

TL;DRAbstract

The goal of this study is the analysis of noise influence on real estate values as Portuguese Noise Code enforces building restrictions on municipal urban areas exceeding established noise limits. At present, municipalities are defining noise classification maps (mixed/sensitive areas) and, with noise maps, will determine conflict areas. On these areas, and until mitigation measures enable noise reduction, private contractors will have their building permits refused on an excessive noise basis. In 2003, the Portuguese government issued the decree-law 287/2003, concerning Real Estate Taxation. Nominal valuation of urban property was considered outdated and in need for reassessment with a new evaluation system based on objective parameters (construction cost, built area, site location, construction quality and building purpose). As municipalities will have to communicate the inadequacy of vacant land for building construction, the following steps will be the reduction of nominal real est

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