How much is land value tax in Portugal?

So, you’re curious about Portugal’s land value tax, huh? It’s called IMI, and honestly, it’s a little bit like trying to nail jelly to a wall – it varies so much depending on where you are! Urban properties, like that cute little apartment in Lisbon you might be dreaming of, get hit with somewhere between 0.3% and 0.5% of their market value each year. Imagine that! I mean, 0.5% might not sound like much, but on a pricey place, it can really add up. Can’t it? Then there’s rural properties – picture those lovely vineyards in the Douro Valley – they get a flat 0.8% rate. See? Totally different! I remember reading somewhere that this difference is meant to encourage development in urban areas… or something like that. I’m no tax expert, mind you, but it makes you think, right? Like, what if you owned a little farm just outside the city limits? Where would that fall? It’s all a bit confusing, isn’t it? Anyway, the main takeaway is: location, location, location. That’s what really impacts your IMI bill in Portugal.

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