IMI - Municipal Property Tax
This tax is
due by the property owner on 31st December of the year
to which it concerns.
The
assessment of the rateable value of the town property
meant for habitation, trade, industry and services,
results from the following expression:
Vt = Vc x A x Ca
x Cl x Cq x Cv
in which:
|
Vt |
=
rateable value; |
|
Vc |
=
basic price of the constructed property;
|
|
A |
=
net construction area plus the exceeding
area to the implantation area; |
|
Ca |
=
allocation ratio; |
|
Cl |
=
location ratio; |
|
Cq |
=
quality and comfort ratio; |
|
Cv |
=
Obsolescence ratio. |
The rateable value of lands
meant for construction is the sum of the implantation
area value of the property to be constructed, which is
situated within the perimeter of the setting up of the
building into the ground, measured from the outside
part, adding up the value of the land adjacent to the
implantation. The implantation area value varies between
15% and 45% of the value of the authorized or foreseen
constructions.
The IMI rates (Art.
112 CIMI) are the
following ones:
|
a) |
Land
Property: 0,8%; |
|
b) |
Town Property: 0,4% to 0,8%
(not evaluated pursuant to the IMI Code, but
whose rateable values were updated by the
inflation rate in 31.12.2003 (already
imposable to the IMI to be paid in 2004); |
|
c) |
Town Property evaluated, pursuant to
the IMI Code: 0,2% to 0,5%. |
For property owned by an entity with
tax domicile in a
country, territory or region subject
to a fiscal system clearly more favourable, appearing in
the list approved by order of the Chancellor of the
Exchequer
the tax rate is of 1% since
01/01/2007 (Law n.53-A/2006, of 29 December). The IMI
rate for the years 2003 to 2006 was 5%.
For property partly composed of land
and town features, the rateable value of each part is
applied to the corresponding rate.
The tax must be paid in two
instalments, during the months of
April
and September, provided its amount is
superior to 250 Euros. However, the payment is made just
once, during
April , if the
amount is equal or inferior to such limit.
The IMI came into force on 01st December 2003, so, in relation to the year 2003,
the council rates (Contribuição
Autárquica) are not applied, as the new tax (IMI) took
place.
For calculating the rateable value,
the Location Ratio must be used (as
per Table appearing in the site of the SIGIMI*)
and the cost value of the construction set down by the
Government.
*SIGIMI: System of Geographical
Information on Municipal Property Tax.
The value per square meter is the
following:
|
Year
|
value /m2
|
Order (Portaria)
|
|
2010 |
482,40€
x 1,25: 603,00€ |
Portaria
1456/2009, de 30 de Dezembro |
|
2009 |
487,20€
x 1,25: 609,00€ |
Portaria
1545/2008, de 31 de Dezembro |
|
2008 |
492,00€
x 1,25: 615,00€ |
Portaria
16-A/2008, de 9 de Janeiro |
|
2007 |
492,00€
x 1,25: 615,00€ |
Portaria
1433-C/2006, de 29 de Dezembro |
|
2006 |
492,00€
x 1,25: 615,00€ |
Portaria
90/2006, de 27 Janeiro |
|
2005 |
490,00€
x 1,25: 612,50€ |
Portaria 99/2005, de 17
Janeiro |
|
2004 |
480,00€
x 1,25: 600,00€ |
Portaria 982/2004,
04 Agosto |
"Fiscal
Paradises" – Countries, territories and regions with
privileged taxation systems
Calculation of the Rateable Value
(SIGIMI)
Municipal Property Tax Code
This note is
only for information and does not hold its divulgers
responsible. For thorough information you must consult
the Law.
