IMI (Imposto Municipal sobre Imóveis (Property tax))
Following the acquisition of real estate in Portugal, payment of property tax is due annually. IMI is calculated on the VPT (Tributary Heritage Value) of the purchased good.
This asset value is generally lower than the purchase price.
The assigned tax rate varies between 0.30% and 0.50%. Mayors annually determine their rate between this range.
This Tax is payable in the following form:
IMI <250.00 € payment in April
IMI <500.00 € payment in April and November IMI> 500.00 € payment in April, June and November
* All the information and values mentioned are subject to alteration in accordance with
legal updates.
