Property tax IMI deadline in Portugal
- INLIS Consulting
- 18 hours ago
- 3 min read
Payment for the Municipal Property Tax (IMI) is now in progress. This month, property owners must either pay the full amount if the tax due is under €100, or pay the first instalment if the total exceeds that threshold.
If you own real estate in Portugal—whether it’s a home, land, or commercial property, you are likely required to pay IMI (Imposto Municipal sobre Imóveis), or Municipal Property Tax.
With the 2025 payment period now underway, it’s crucial to understand how much you owe, when to pay, and your options.
Here’s a comprehensive breakdown to keep you compliant and avoid any fines or interest charges.
What Is IMI?
IMI is an annual tax levied by the local municipality on properties located in Portugal. It is calculated based on the taxable value (VPT - Valor Patrimonial Tributário) of the property as determined by the Portuguese Tax Authority (AT/Finanças).
The rates vary depending on the location and type of property:
Urban properties: 0.3% to 0.45%
Rural properties: 0.8%
Properties owned in offshore jurisdictions: 7.5%
IMI Payment Deadlines for 2025
The Portuguese Tax Authority (Finanças) has issued the 2025 IMI payment schedule. Here’s how it works based on the total amount due:
If You Owe €100 or Less:
You must pay the full amount in a single instalment by June 2, 2025.
If You Owe Between €100 and €500:
The tax is paid in two instalments:
1st Instalment: Due by June 2, 2025
2nd Instalment: Due by September 1, 2025
If You Owe More Than €500:
The tax is split into three instalments:
1st Instalment: Due by June 2, 2025
2nd Instalment: Due by September 1, 2025
3rd Instalment: Due by December 2, 2025
Optional: You may also choose to pay the full amount in May, even if you qualify for instalments. This can help you simplify budgeting and avoid forgetting later deadlines.
Where and How to Pay
You can pay IMI through the following channels:
Online via the Finanças Portal
ATM (Multibanco) – Use the payment reference provided in your IMI notice
Home Banking or Mobile Banking App
At a local CTT (Post Office) or a bank branch
Make sure to check your tax portal for the payment reference and amount due. Notices are usually made available digitally and/or sent by post.
What Happens If You Miss the Deadline?
Missing a payment may result in:
Interest charges
Penalties or fines
In extreme cases, enforcement action by the tax authorities
If you're unsure about your obligations or did not receive a payment notice, consult a tax professional or contact Finanças as soon as possible.
How Is the IMI Calculated?
IMI is calculated by multiplying the VPT (Valour Patrimonial Tributário) by the applicable municipal rate. Each municipality has the authority to set its own rate annually.
Example:
Property value (VPT): €150,000
IMI rate: 0.35%
Annual IMI: €150,000 x 0.0035 = €525
This would be paid in three instalments of €175 each.
Tip: Check If You’re Eligible for IMI Exemption
Certain individuals may qualify fora temporary or permanent IMI exemption, such as:
First-time homeowners with low income
Non-habitual residents (NHR) under some circumstances
Properties used for public interest, education, or religious purposes
Contact your local Finanças office or a tax advisor to check your eligibility.
📝 Need Help With Your IMI or Other Property Tax Issues?
At INLIS Consulting, we assist property owners, expats, and investors in managing their property taxes in Portugal. From registering your property to monitoring your tax obligations, we ensure you stay compliant with Portuguese law.
Contact us today to schedule a consultation or ask questions:
📧 Email: geral@inlis.pt
📱 WhatsApp: +351 968 464 906
Final Thoughts
IMI is a critical part of property ownership in Portugal, and keeping track of the payment deadlines is essential. Make sure to verify your amount due, choose the best payment option, and consult a professional if you have any doubts.
Stay informed and pay on time—your property (and peace of mind) are worth it!
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