Owners of properties with a Municipal Property Tax (IMI) with more than one installment to pay have until today to pay the last installment of this tax.
The IMI ‘invoice’ is automatically divided into two or three payments depending on whether its value varies between 100 and 500 euros or exceeds 500 euros, with the deadlines running, respectively, in May and November or in May, August and November.
Therefore, today is the deadline for paying the last tax installment, whether for taxpayers who pay it in two installments or for taxpayers who pay it in three installments.
The IMI rate is set annually by local authorities within a range that varies between 0.3% and 0.45% for urban buildings (a concept that includes land for construction), with the tax being calculated by the Tax and Customs Authority (AT) based on the rate communicated to it and the tax asset value of the properties.
For rustic buildings, the IMI includes a single rate of 0.8%.