Council Rates

IMI

The IMI focuses on the value of urban and rustic buildings located in the national territory, consisting in revenue meant to the Councils where the buildings are located. This tax is paid, every year, based on the taxable value of the building concerning the fiscal individuals that appear as at the 31st December of each respective year. The IMI is paid on two installments,  April and September. This happens if the amount of IMI to be paid is more than €250. If the amount is less than €250, the payment is made with one installment, in April.
The applicable taxes for IMI are the ones that appear in the following table:

IMI taxes	Annual taxes
Rustic buildings	0,8%
Urban buildings	0,4% to 0,7%
Urban buildings evaluated under the terms of the IMI Code	0,2% to 0,4%
Rustic or urban buildings that are the property of residents in the territory subject to a clearly more attractive regime	8%

 

Exemptions
Urban buildings used for own and permanent habitation, as well as the habitation rental when it is the first transaction and on the purchase deeds it is indicated as such, these exemption must be requested by the fiscal individuals and are exempted from IMI, under the following conditions:

Taxable value	Exemption period (years)
Up to € 157.500,00	8 years
From €157.500 to €236.250,00	4 years