Property tax IMI to fall for a quarter of the population
Some 25.4% of the population will enjoy a reduction in IMI Almost one in five local authorities, or 194 councils, will reduce their property tax ‘IMI’ in 2024, according to
Abramovich’s Quinta do Lago mansion in new ‘scandal’
Portugal’s richest citizen doges sky-high rates bill Portugal’s richest citizen Roman Abramovich has seen the inconvenient story of his impounded Quinta do Lago mansion morph into a property tax shock.
Funchal council predicts rates’ loss of €200,000 due to fires tax amnesty
At the height of the wildfires in Madeira last week, the assurance that people who had lost their homes would be exempt from paying rates sounded ridiculous. Of course people
Nice view? Lots of sun? Prepare for a rates bill increase!
Houses up for revaluation may find themselves paying higher rates if they get lots of sun, or have a “privileged view”. Jornal de Notícias has broken the news, suggesting the
Lagoa lowers IMI (property) rates
Lagoa council is cutting its municipal rates tax (IMI) in 2016. Mayor Francisco Martins (PS) announced the plan in April, he has told local paper Lagoa Informa, but now the
São Brás lowers IMI rates tax for families
Families living in São Brás de Alportel will only have to pay the minimum rates of the municipal property tax (IMI), the local council has announced. The proposal was approved
Portimão rates anguish hits the headlines
As new statistics show that feelings of well-being are dropping in Portugal – while poverty has now hit 123 million Europeans – news that a Portimão resident has gone public
Silves will keep municipal tax rate at the absolute minimum
Silves will be keeping its IMI municipal tax rate at the absolute minimum – between 0.3% and 0.5% – in 2015, the local CDU-led council has announced. It has also
Loulé mayor promises to lower IMI property taxes
Finances || Loulé council will be paying off the €10 million it owes the PAEL financial support programme by the end of this year, in order to lower municipal property