Tax Guide 2022 | Property Tax and Additional to Property Tax

Last reviewed 27 July 2022

Property Tax (IMI)

  • Tax registration value;
  • Urban and rural properties located in the Portuguese territory;
  • Owed by the owner, the usufructuary, or the holder of the surface right of a property as of the 31st December of the year concerned.


Rate (%)

Urban property

0.3 to 0.45

Rural property


Property owned by residents in tax havens (except individuals) or by entities in a direct or indirect domain or control relation with entities domiciled in tax havens



  • Rural property in forest areas included in the forest intervention areas;
  • Rural properties used forestry activity included in a forest management plan;
  • Properties regarded as eligible investment under the Tax Regime for Investment Support (RFAI);
  • Urban properties built, expanded, improved or acquired for a consideration, intended for residential purposes, with a registered value up to € 125,000, owned by taxpayers which total gross income of the household does not exceed € 153,300;
  • Historical stores;
  • Rural and urban property with low tax registration value held by taxpayers with low income;
  • Properties which use is granted by construction and housing cooperatives and residents' associations to their associates;
  • Urban property subject to urban rehabilitation, located in urban rehabilitation areas or urban properties built more than 30 years ago.


  • Permanent abode of taxable persons with dependents;
  • Urban property intended for the production of energy from renewable sources;
  • Reduction applicable to urban property with energy efficiency.


  • Buildings or apartments vacant for over 2 years, and land for construction allowing residential use under the municipal structure plan, if located in urban pressure zones;
  • Urban property totally or partially vacant for over 1 year;
  • Buildings in ruins.


  •  Amount lower or equal to € 100 – 1 instalment in May;
  • Amount from € 100 to € 500 – 2 instalments in May and November;
  • Amount over € 500 – 3 instalments in May, August and November.

Additional to Property Tax (AIMI)

  • Sum of the tax registration value of all the urban properties reported as at 1 January each year (excluding the tax registration value of properties that benefit from an exemption or that are out of scope of IMI in the previous year);
  • Urban properties located in the Portuguese territory (except those allocated to trade, industry, or services" and "others");
  • Owed by individuals and corporations, as well as by structures or collective bodies without autonomous legal personality and undivided inheritances, that are owners, usufructuaries or have the surface right.

  • Individuals and undivided inheritances - deduction of € 600,000 to the taxable basis;
  • Taxpayers that are married or living in non-marital status and opt to submit a joint tax return – deduction of € 1,200,000 to the sum of the TRV of all the relevant urban properties.


Rate (%)
Applicable after deductions

Individuals (1) and undivided inheritances


Corporations (2)


Urban properties owned by entities resident or domiciled in tax havens


(1) In case of individuals, (i) a marginal rate of 1% applies to the taxable amount of more than € 1,000,000 and equal or lower than € 2,000,000 (or twice that amount in case of taxpayer that are married or living in non-marital status), and (ii) a marginal rate of 1.5% to the taxable amount that exceeds € 2,000,000 (or twice that amount for taxpayers that are married or living in non-marital status).
(2) In case of urban properties owned by corporations that are allocated to the personal use of the shareholders, board members or members of any administration management or supervisory bodies, the rates applicable to individuals also apply.

  • Assessment: made by the Portuguese Tax Authorities in June each year;
  • Payment: during the month of September.


  • Option to include in the tax return: deduction to the fraction of the tax corresponding to the net income generated by properties subject to AIMI;
  • Flat tax rate of 28% / Category B (lease or accommodation activities): tax deduction.


  • Lease or accommodation activities: taxpayers have the option to deduct the AIMI paid, capped at the portion of the tax assessed that corresponds to the income generated by properties subject to AIMI; this option prevents the deduction of AIMI for the purposes of assessment of the taxable income subject to CIT.

© 2022 PwC. This communication is of an informative nature and intended for general purposes only. It does not address any particular person or entity nor does it relate to any specific situation or circumstance. PricewaterhouseCoopers Tax Services TLS, Lda. We will not accept any responsibility arising from reliance on information hereby transmitted, which is not intended to be a substitute for specific professional business advice.

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