Work out the annual IMI (municipal property tax) on your home, from the taxable property value and your municipality's rate.
The rate is set by each municipality (0.3% to 0.45% for urban property). The "family IMI" (deduction per child) is optional and varies by municipality; here we use the maximum reference deductions.
It's the Municipal Property Tax, paid every year for owning a home. It is calculated on the Taxable Property Value (VPT), which is not the purchase price but the value the tax authority assigns to the property.
The rate is chosen by each municipal council, between 0.3% and 0.45% for urban property. Many municipalities give a discount to families with children (the so-called "family IMI").
In May (if it's up to €100), or in two or three instalments (May, August and November) for higher amounts.
No. It's based on the VPT (Taxable Property Value) set by the tax authority, which is usually lower than the market price.
Yes, there can be a temporary exemption (3 years) for a permanent main residence with a VPT up to a certain limit, on request. Check your situation with the tax authority.
The calculator gives you an estimate. The Guru goes to the partner banks and brings you real offers, and it's free for you.