The property tax Imposto Municipal Sobre Imóveis (IMI) is paid annually in Portugal as in other countries. You will receive the notification at the address registered for the Portuguese tax number. The tax for apartments and houses is between 0.3% and 0.45% of the building value deposited with the tax office. For buildings on agricultural land, the percentage is 0.8%. You can calculate the property tax here. The building value Valor Patrimonial Tributário (VPT) needed to calculate the property tax is entered in the Caderneta Predial. If you would like to find out about the property tax due before buying a property, it is worth looking at the document that must be available for the sale of a property. As a rule, the registered value is extremely low, and there are, therefore, only minimal amounts for property tax.
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