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. Â
IMT (Imposto Municipal sobre a TransmissĂŁo Onerosa de ImĂłveis)
This is a tax calculated on the value of the purchase, or fiscal value. When the latter is higher, the following scale applies:
| Amount | DISCOUNT |
| Up to âŹ97,407 | 1% without allowances |
| From âŹ92,408 to âŹ126,403 | 2% with an allowance of âŹ924.07. |
| From âŹ126,404 to âŹ172,348 | 5% with an allowance of âŹ4,716.16 |
| From âŹ172,349 to âŹ287,213 | 7% with an allowance of âŹ8,163.12 |
| From âŹ287,214 to âŹ550,836 | 8% with an allowance |
| Above âŹ550,836 | 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.
IMI (Imposto Municipal sobre ImĂłveis)
This is an annual tax, calculated on the taxable value of the property according to the following scale: Â
- Agricultural land: 0.8%.
- Other real estate: between 0.3% and 0.8%
This rate is set by each municipality (CĂąmara Municipal). It is also paid as follows:
- A single payment in April, otherwise only when the amount is less than or equal to âŹ250.
- There are two payments, in April and November, for amounts over âŹ250 and up to âŹ500.
- Three payments, in April, July and also November, when the amount exceeds âŹ500. Â
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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