Property Tax (IMI) in Vila Real de Santo António
The annual property tax rate (Imposto Municipal sobre Im\u00f3veis) in Vila Real de Santo António is 0.45% for urban properties. This ranks 16 of 16 Algarve municipalities (among the highest).
Urban property rate
0.45%
Applied to the tax assessment value (VPT)
Rural property rate
0.8%
Fixed national rate for rural land
Annual IMI cost examples
Based on the 0.45% urban rate in Vila Real de Santo António. Note: IMI is calculated on the tax assessment value (VPT), which is often lower than the purchase price.
| Property value (VPT) | Annual IMI | Monthly equivalent |
|---|---|---|
| EUR 150,000 | EUR 675 | EUR 56/mo |
| EUR 250,000 | EUR 1,125 | EUR 94/mo |
| EUR 400,000 | EUR 1,800 | EUR 150/mo |
| EUR 600,000 | EUR 2,700 | EUR 225/mo |
| EUR 1,000,000 | EUR 4,500 | EUR 375/mo |
IMI rates across the Algarve
| Municipality | Urban rate | Annual on EUR 300K |
|---|---|---|
| Faro | 0.3% | EUR 900 |
| Lagoa | 0.34% | EUR 1,020 |
| Olhão | 0.34% | EUR 1,020 |
| Albufeira | 0.35% | EUR 1,050 |
| Alcoutim | 0.35% | EUR 1,050 |
| Aljezur | 0.35% | EUR 1,050 |
| Castro Marim | 0.35% | EUR 1,050 |
| Lagos | 0.35% | EUR 1,050 |
| Loulé | 0.35% | EUR 1,050 |
| Portimão | 0.35% | EUR 1,050 |
| São Brás de Alportel | 0.35% | EUR 1,050 |
| Silves | 0.35% | EUR 1,050 |
| Tavira | 0.35% | EUR 1,050 |
| Vila do Bispo | 0.35% | EUR 1,050 |
| Monchique | 0.4% | EUR 1,200 |
| Vila Real de Santo António (this municipality) | 0.45% | EUR 1,350 |
How IMI works
IMI is Portugal's annual property tax, set by each municipality within a national band of 0.3% to 0.45% for urban properties. It is calculated on the Valor Patrimonial Tribut\u00e1rio (VPT), the tax office's assessment of the property's value, which is typically lower than the market price.
New properties and newly purchased properties may qualify for a 3-year IMI exemption if the VPT is below EUR 125,000 and the property is used as a primary residence. Properties in Urban Rehabilitation Areas (ARU) may qualify for a 5-year exemption.
IMI is paid annually, either in a single instalment (April) or split across two or three instalments depending on the amount.
Full property analysis for Vila Real de Santo António
IMI is just one cost. Our property report covers planning zones, environmental constraints, fire risk, AL licence density, water quality and market data.
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