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EXAMPLE to calculate the 'ICI 2008 (main house) with the rates in force in the m unicipality of Colturano An example

to calculate the ICI on a property used as main house taking into acc ount both the deduction and the deduction imposed by the Municipal Finance Act Cadastral income rate Euro 764.36 ICI Colturano first home, 4 per thousand 80,25 8.00 x 4 = Euro 321.03 1000 2008 cadastral income deduction FINANCIAL 764.36 x 1 00 = 76,436 Income increased by 5% = EUR 802.58 Total ICI due: Euro 321.03 (A) Reduction of 1, 33 per thousand 76,436 x 1.33: 1000 = Euro 101.66 Cadastral value (â ¬ 802.58 x 100) Euro 80,258.00 Euro 113.62 Total Deduction muni cipal reductions to be applied to the first house. EUR 113.62 + EUR 101.66 = Eur o 215.28 (B) Total tax payable year 2008 Euro 321.03 - (A) Total deductions = Euro 215.28 (B) taxes payable 2008 Euro 105.75 In this example, the taxpayer, thanks to the add itional deduction introduced by Finance, will benefit from savings 101.66 euros compared to 2007. Following the table step by step you can get your count ICI 's principal residence.