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Property taxes


Posts: 11
Premium Member
Topic starter
(@christine27)
Active Member
Joined: 1 year ago

Hi Everyone! I would like to ask advice to those who bought properties in Portugal and what the real estate taxes are, and if they are increasing. I am interested in Algarve I am in Cannes and here there are 2 taxes plus a 3rd tax for foreigners like me (I am Canadian). And apparently property taxes will increase very quickly in France.Thanks! Christine

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Posts: 231
Ask Our Expats Consultant
(@pamalcobaca)
Estimable Member
Joined: 2 years ago

The IMT tax is payable when you buy a property - it varies depending on the value and type of the property from 0 to 8% of property value. Then there is stamp duty which is 0.8% of property value .

When you own a property you pay annual IMI tax to your local municipality. This is also based on the property value. There is a calculator here https://www.doutorfinancas.pt/simulador-de-imi/  

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2 Replies
 Zoom
Premium Plus member
(@zoom)
Joined: 1 year ago

Estimable Member
Posts: 168

@pamalcobaca Thanks! Interesting to see the other side of high income taxes - they seem to work out around 0.3% of property - the average in the US is more than 3 times that, and our worst states are over 6 times that.

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Premium Member
(@jeanne)
Joined: 2 years ago

Reputable Member
Posts: 347

@zoom  And don't I know it.  Mine are 5x what Pam's calculation site shows for the value of my house.  Plus a slew of city "fees".

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Posts: 347
Premium Member
(@jeanne)
Reputable Member
Joined: 2 years ago

Very useful. Thank you. 

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