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Property taxation in Portugal

As in France, the acquisition of a primary or secondary residence is also subject to real estate taxation in Portugal. Below you'll find full details of real estate taxation in Portugal. Portugal.

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Stamp duty (Imposto do Selo)

The basic charge is a fixed amount of 0.8% calculated on the value of the purchase, or the tax value. When the latter is higher.  

IMT (Imposto Municipal sobre a Transmissão Onerosa de Imóveis)

This is a tax calculated on the value of the purchase, or fiscal value. When the latter is higher, the following scale applies:

Up to €97,407 1% without allowances
From €92,408 to €126,403 2% with an allowance of €924.07.
From €126,404 to €172,348 5% with an allowance of €4,716.16
From €172,349 to €287,213 7% with an allowance of €8,163.12
From €287,214 to €550,836 8% with an allowance
Above €550,836 fixed rate of 6%
For building land fixed rate of 6.5%
For agricultural land   fixed rate of 5%

ITM and stamp duty are paid only once, at the time of purchase.

real estate taxation in portugal

IMI (Imposto Municipal sobre Imóveis)

This is an annual tax, calculated on the taxable value of the property according to the following scale:  

  • Agricultural land: 0.8%.
  • Other real estate: between 0.3% and 0.8%

This rate is set by each municipality (Câmara Municipal). It is also paid as follows:

  • A single payment in April, otherwise only when the amount is less than or equal to €250.
  • There are two payments, in April and November, for amounts over €250 and up to €500.
  • Three payments, in April, July and also November, when the amount exceeds €500.  

Other taxes

Some town councils also levy a tax for sewer system maintenance (Taxa de Conservação de Esgotos). Each municipality sets the amount. In some municipalities, this tax may also be included in the water bill.

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