Property valuations

Share experience regarding ownership of property and/or living in Portugal.
Guest

Post by Guest »

Biffa pls clarify when you say Rustic property is not subject to revaluation under the new scheme.......So do I assume that they will at the point of habitation license value it and charge me 0.8% of that valuation....??
biffa
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Rustic/Urban

Post by biffa »

Guest, you must have a mixed property with part urban and part rustic, right? Thus they will tax both parts separately. Once you hve built you will submit an IMI 1 form and they will revalue the urban part and charge you something like 0,5% on the value. The rustic part will not get revalued and will be charged at 0,8%
Guest

Post by Guest »

Thank you,..very clear....
biffa
CVO Master
CVO Master
Posts: 1469
Joined: Wed Jan 08, 2003 3:36 pm
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Land

Post by biffa »

Guest

Take a look at your tax dept caderneta to esatblish how much of the land is urban and how much rustic. Alternatively go to the local tax dept with the Article (Artigo) number and ask them for a print out
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