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Generic Tax Name Tax on real estate - Immovable property municipal tax
Tax name in the national language IMI - Imposto municipal sobre imóveis
Tax name in English Immovable property municipal tax
Member State PT-Portugal
Tax in force since 2003/12/01
If abolished, date on which the tax ceases to apply
Business version date 2015/01/01
Version date 2015/02/17
This file was last updated on

Type of tax
Direct taxes Personal income tax
Corporate income tax

Indirect taxes VAT
Excise duty (EU harmonised)
Alcoholic beverages
Energy products and electricity
Manufactured tobacco

Social security contribution Employers
Legal base

IMI Code, enacted by Decree Law 287/2003 of 12 November 2003, as amended; Tax Incentives Statute (EBF), enacted by Decree Law 215/89 of 1 July 1989, as amended; Regional Legislative Decree 2/99/A of 20 January 1999; Regional Legislative Decree 18/99/M of 28 June 1999; Law 2/2007 of 15 January 2007; Law 85/98, of 16 December 1998; Law 19/2003, of 20 June 2003; Law 64-B/2011 of 30 December; Law 82-D/2014, of 31 December; Law 82-B/2014, of 31 December.

Who sets
The tax rate is set by

The tax base is set by

The reliefs are set by



Geographical Scope

Whole country.


The owner or usufructuary of the immovable property on the 31st December of the year to which the tax relates, whether or not resident in Portugal.

Tax object and basis of assessment

The taxable value of the urban, rural or mixed immovable property situated in the Portuguese territory, including movable constructions remaining fixed in the same place for more than one year.

The taxable value (Vt) of urban immovable properties is assessed at the time of the transfer, according to the following formula: Vt = Vc x A x Ca x Cl x Cq x Cv

Vc = Base value of the building which corresponds to 1.25 times the average construction price (materials, labour, equipment goods, administration, energy, communications, and other consumables) per square meter;

A = Total area of the building (adjusted for residential buildings);

Ca = Type of use coefficient, which ranges from 0.08 for parking space to 1.2 for commercial buildings. This coefficient is 1.10 for services buildings, 0.60 for industrial buildings and warehouses, 0.70 for social residential buildings and 1.0 for other residential buildings;

Cl = Location coefficient, which ranges from 0.35 for isolated residential buildings in rural areas to 3.5 for buildings located in high property market value areas;

Cq = Quality standard coefficient, which ranges from 0.02 to 0.2, increasing with the existence of amenities such as a garage, a swimming pool, a tennis court, etc and decreasing with the non existence of basic amenities such as a toilet, water, electricity, gas, etc.;

Cv = Age of the building coefficient, which ranges from 0.40 for buildings aged more than 60 years to 1.0 for buildings aged less than 2 years. 

The taxable value of rural immovable properties is deemed to be 20 times its notional rent (estimated annual net income).

Deductions, Allowances, Credits, Exemptions

Main exemptions:

  • The central government, the autonomous regions and any departments, organizations or agencies thereof, even if they have legal personality, as well as local authorities and their associations and federations (Article 11 of the IMI Code);
  • Foreign governments in respect of properties destined for diplomatic or consular missions use, where there is reciprocity of treatment (Article 44 of EBF);
  • Social security institutions in respect of properties directly used for their purposes;
  • Religious or confessional associations or organizations with recognised legal personality in respect of temples or buildings exclusively used for worship and directly related activities;
  • Trade unions and business associations in respect of properties directly used for their purposes;
  • Charities (IPSS) and entities of public interest in respect of properties directly used for their purposes;
  • Entities licensed to operate in Free Trade Zones in respect of properties directly used for their purposes;
  • Private schools in respect of properties directly used for their purposes;
  • Sports and youth associations with legal personality in respect of properties directly used for their purposes;
  • Properties which were gratuitously made available by their owners or usufructuaries to the above mentioned exempt entities and are directly used for their purposes;
  • State owned companies in respect of properties which were gratuitously made available to public entities and are used in activities of public interest;
  • Cultural and entertainment associations, non governmental organizations and other non profitable organizations subject to the conditions established by the law;
  • Properties classified as national monuments, with public or municipal interest or recognized as cultural heritage, under the applicable law;
  • A temporary exemption applies during a two-year period in relation to urban immovable properties subject to renovation works (Article 45 of EBF);
  • Newly built, enlarged, renovated or purchased urban immovable properties destined to be occupied as the permanent residence of the taxpayer or a member of his household or destined for rental may be exempt from tax for a three-year period if their taxable value does not exceed €125,000 and for taxpayers whose taxable income does not exeed €153,300 (Article 46 of EBF);
  • Immovable properties integrated in resorts of recognized tourism interest and urban properties restored for use as hotels are exempt from tax during a seven-year period (Article 47 of EBF);
  • Rural and urban immovable properties, the taxable value of which does not exceed 10 times the annual value of the social benefits index, held by taxpayers whose gross taxable income for Personal Income Tax (IRS) purposes does not exceed the 2.2 times the annual value of the social benefits index are exempt from tax (Article 48 of EBF);
  • Immovable properties held by pension funds, retirement savings funds and immovable property investment funds (Article 49 of EBF);
  • Cooperatives in respect in respect of properties directly used for their purposes, subject to the conditions established by the Law 85/98, of 16 December 1998;
  • Political parties in respect of properties directly used for their purposes (Law 19/2003, of 20 June 2003);
  • Buildings used exclusively for public water supply and sewage treatment;
  • 50% rate reduction for buildings used exclusively on the production of renewable energies, for a period of 5 years;
  • 15% rate reduction, decided by municipalities, for buildings with efficient energy use;
  • 50% rate reduction, decide by municipalities for rural buildings in classified zones that provide ecossystem services;
  • Municipalities can decide a rate reduction for immovable property destined to be used as permanent residence, for households with dependents.
Rate(s) Structure
  • Rural immovable properties: 0.8 %
  • Urban immovable properties: rate is between 0.3 % and 0.5 % (as annually set by the municipalities)


If the taxpayer (corporate) is a resident of a listed tax haven, the applicable rate is 7.5%.

The rates applicable to urban immovable properties are doubled if they are vacant for more than one year, according to the applicable law.

Tax due date

The tax liability up to €250 must be paid in April, above € 250 and under €500 must be paid in two instalments, in April and November; above €500 it must be paid in three instalments April, July and November.

Tax collector

The tax is assessed and collected annually by the Tax and Customs Authority (AT).

Special features


Economic function

Environmental taxes

Tax revenue
ESA95 code d29aa

Annual tax revenue (millions)
Tax revenue as % of GDP
Tax revenue as % of total tax revenue
2012 1,202.43 EUR 0.71
2011 1,205.15 EUR 0.68
2010 1,100.74 EUR 0.61
2009 1,054.74 EUR 0.60
2008 1,101.54 EUR 0.62
2007 1,008.37 EUR 0.57
2006 903.39 EUR 0.54
2005 827.40 EUR 0.52
2004 781.40 EUR 0.51
2003 693.90 EUR 0.47
2002 604.50 EUR 0.42
2001 536.20 EUR 0.40
2000 507.70 EUR 0.40