All You Need to Know About Property Valuation in Amman, the Service, and Tax Fees

When any person expresses their desire to buy or sell real estate inside Jordan, whatever type of real estate it is, be it a house, villa, farm, or any other, they get stuck in a loop because of the conflicting information that people circulate about buying and selling real estate and the different opinions that surround them from people who are not experts in this matter!

Launching The Real Estate Management Value Service in Amman – Jordan

What is the property evaluation service or property value?

It is customary in Jordan, when selling any property, to seek the assistance of an estimator (surveyor) accredited by the Department of Lands and Survey to evaluate the property and estimate the appropriate price for it to complete the procedures. It may happen that the buyer believes that the purchase price is high while the seller believes that the sale price is low, although the surveyor decides the price, considering specific criteria such as area, or others. This requires several visits to the property and exchanging discussions to negotiate the price, which complicates the sale procedure and makes it a lengthy process, while in many cases a sale may not take place at all!

Why Was the Property Evaluation Service Launched and What Are Its Features?

• Providing real estate services to clients through the website of the Department of Lands and Survey, efficiently and easily

• Knowing the price of the property before starting transactions

• Save time and effort in searching for and viewing any real estate

• Reduce costs and expenses

In addition to all of this, electronic services will contribute to revitalizing real estate buying and selling transactions because they provide all the data and information that the customer needs so that they can easily know the real estate prices wherever they are.

How Is the Property Value Determined?

A specialized committee of evaluators is formed to set the property price based on specific principles and criteria that we will talk about later in this article. This committee consists of:

• Partners from the private sector represented by two members of the Syndicate of Real Estate Office Owners and the Jordanian Estimators Association

• A certified valuer registered under the Real Estate Estimators Registration System

• A member of the concerned regulatory body in the government sector

• A member of the Department of Lands and Survey, specializing in estimation

The following criteria have been adopted for property valuation

For lands, click here to complete the property evaluation form:

1. The state

2. The Village

3. The neighborhood

4. The directorate

5. The district

6. Plot number

7. The value of the building, if any

For buildings, click here to complete the property evaluation form:

1. The state

2. The Village

3. The neighborhood

4. The directorate

5. The district

6. Plot number

7. The building

8. Floor

9. The apartment

10. The value of the apartment’s furnishings, if any

Can The Property Owner Object to The Evaluated Property Price?

To ensure a transparent and satisfactory appraisal process for all, the Department of Lands and Survey carried out the customer’s participation in the property appraisal process for the first time through the platform that was launched in 2020, and the second time was after publishing the real estate values in the Official Paper, as it declared the customers right to object within 30 days from the date of publication.

Now, everyone has the right to object after approving the values by filling out the reconsideration form at the concerned Registration Directorate to be reconsidered by the department. Noting that the plan includes consideration of the property value every three years based on market conditions.

Now that we have discussed the nature and objectives of property valuation, let us explain the details of assignment and fees.

In the first quarter of 2022, the Department of Lands and Survey decided to reduce the real estate sale tax (assignment fee) to 6% instead of 9%, and it became as follows:

• Residential units (apartments) within the housing projects are completely exempted from assignment fees.

• Residential units (apartments) of different classifications, personal or commercial, the first 150 square meters of the apartment area are completely exempted from fees, and fees are imposed on the extra area only by 3%.

• The other property types including villas, lands, farms, etc., are subject to a 6% waiver fee.

It should be noted that this percentage may change from time to time, depending on the conditions of the real estate market.

Just as the Jordanian Department of Lands and Survey facilitated this service for citizens and its customers in general, Homes Jordan is also keen to save time and effort for its customers in the process of searching for real estate inside Jordan and contributes to providing the most important legal and engineering advice through a selection of its consultants, experts, and real estate marketing agents. Check out all our services here. 

You can search for your dream property with Homes, and once you find what suits you, you can look up the value of properties in the same area through the website of the Department of Lands and Surveys. Of course, you can always consult our experts at Homes Jordan to make the most appropriate decision.