IMI – Municipal Property Tax

Essential Information for Property Owners in Portugal

 
📌 What is IMI?

If you own a property located in Portugal, you are required to pay an annual property tax, even if the property does not generate any income.

This tax, known as IMI (Imposto Municipal sobre Imóveis), applies to individuals and companies, whether residents or non-residents, and is charged by the municipality where the property is located.
The revenue supports local government services and infrastructure.

 
🧮 How is IMI calculated?

The tax amount depends on two main factors:

1️⃣ Taxable Property Value (VPT)
Assessed by the Portuguese Tax Authority based on:

• Area
• Location
• Year of construction
• Type and quality of the property

2️⃣ IMI Rate set by the municipality:

• Urban properties: between 0.3% and 0.45%
• Rural properties: fixed rate of 0.8%
• Municipalities may apply increases or reductions in special cases, such as vacant properties or low-income housing.

💡 Example:
If a property has a VPT of €100,000 and the IMI rate is 0.35%, the tax due is:
€100,000 × 0.0035 = €350

 
⏳ When and how to pay?

The number of instalments depends on the total amount due:

• Up to €100 ➜ Single payment in May
• From €100 to €500 ➜ 2 instalments: May and November
• Over €500 ➜ 3 instalments: May, August, and November

💳 Payment methods

• 💻 Online via the Portuguese Tax Portal:
  www.portaldasfinancas.gov.pt
• 🏧 Multibanco (ATM) with payment reference
• ✉️ Post offices (CTT)
• 🏦 Authorized banks
• 🏢 Citizen Shops (Loja do Cidadão)

 
⚠️ Important Notice – 2025

This year, as an exception, the deadline for the first instalment has been extended to June 30, due to technical issues following a power outage in late April.

 
✅ Make it easier: Direct Debit

You can activate direct debit through the Tax Portal to:

• Automate payments
• Avoid delays or fines
• Gain peace of mind

 
🔒 Protect your investment

Pay your IMI on time to avoid penalties and keep your property secure and compliant.

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