Portuguese property tax payments begin in May

Written By Lara Silva

The start of May brings with it warmer weather and bills to pay, particularly when it comes to owning property. If you own a house in Portugal, it’s quite likely that you need to pay the Imposto Municipal sobre Imóveis (IMI), the municipal property tax, this month.

This tax payment begins in May and can be made at once or in three installments, depending on the value. 

Your IMI cost is calculated by multiplying the Valor Patrimonial Tributário (VPT) of the property by the IMI rate in the municipality the property is located in. The IMI rate is fixed annually by the municipalities and ranges between 0,3% e 0,45%.

IMI funds are then used to maintain public infrastructures in municipalities. Read on to find out how the IMI payment works, deadlines, and whether you are exempt from paying this property tax. 

IMI Payment Deadlines 2023

The IMI payment 2023 can be made at once or in up to three installments, depending on the amount. 

If your IMI is up to 100 euros, you must pay it at once in the month of May until the last of the month.

If your IMI is over 100 euros and up to 500 euros, you can pay in two installments, paid in May and then in November. 

If your IMI is over 500 euros, you can pay in three installments in May, August, and November.

You do not have to pay your IMI in installments. You can pay the amount all at once in May.

How to pay the IMI Property Tax

First, to find out how much you owe, check your “Portal das Finanças” online. The amount owed will be under “Pagamentos” and then “Pagamentos a Decorrer.” Your IMI will also be sent to your fiscal address by post. 

Once you know your IMI amount, you can pay the property tax in various ways:

  • Tax office
  • CTT Office
  • ATM machine
  • Portuguese online banking
  • The mobile APP “Situação Fiscal – Pagamentos”

IMI Payment Exemptions

A permanent exemption is possible if your household does not make more than €15,295 a year, but a request must first be made to Finanças (Tax office). A temporary exemption of 3 to 6 years is also possible if this is your first property purchase in Portugal that you will reside in or rent out. 

International Guide to Real Estate in Portugal: Buying a House in Portugal

Stay up to date
Subscribe To Portugal.com's Newsletter

Receive the latest news, travel information, stories, offers and more!

Invalid email address
Give it a try. You can unsubscribe at any time.
Join our FB group Portugal Travel & Living for all things Portugal and news updates

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Follow Us

416FansLike
408FollowersFollow
159FollowersFollow

Most Popular

A Swiftie Fan Hot Spot Has Opened at Colombo Shopping Mall Right Next to the Eras Tour – Lisbon

Taylor Swift's Eras Tour takes over Benfica Stadium (Estádio Luz) for two nights (May 24 and 25) starting tomorrow, but the sports stadium where...

Welcome to Portugal (Taylor Swift’s Version)

We are only 14 days DTTS (Days Til Taylor Swift) here in Portugal, and we can barely contain our excitement. Not only is this...

Time required to get Portuguese citizenship reduced by 12-18 months

Portuguese residents waiting to apply for citizenship can now breathe a huge sigh of relief! The Portuguese Parliament passed significant amendments on March 5th...

Latest Articles