IMI

Published 5 November 2026, 15:07

Imposto Municipal sobre Imóveis

The annual property tax. It is calculated on the property's tax value (VPT), and the rate is set by the municipality: 0.3–⁠0.45% for urban property, 0.8% for rural. The bill arrives in spring: up to €100 is paid in one go in May; €100 to €500 in May and November; over €500 in three instalments, in May, August and November.

Where you come across it. Once a year the owner of a flat or house receives a payment notice in their Finanças online account.

The tax is paid by whoever owned the property on 31 December of the year it is charged for — if the property is let, that is the senhorio, not the tenant. A home the owner lives in permanently is exempt for three years if its tax value is up to €125,000 and household income is up to €153,300 a year. A household can use this exemption no more than twice, and the municipality may extend it for another two years.

Official website: portaldasfinancas.gov.pt

Guides

How to buy land and build a house in Portugal How to rent out your property yourself in Portugal: the contract, taxes and what to do if the tenant doesn't pay Inheritance in Portugal: what to do when someone close to you dies Mortgages in Portugal: what makes up the interest rate and what a foreigner will be asked for Can't pay your IRS in one go: how to set up an instalment plan