09 Thursday May 2019
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2019, age, area, formula, location, location coefficient, portugal, property, quality, usage, value, vpt
The “VPT” of your property is not directly related to construction costs or its market value (except for the soon-to-be-overhauled Location Coefficient). The Property Evaluation System (“Valor Patrimonial Tributário or VPT”) is a mathematical formula comprised of six factors, working as follows:
26 Tuesday Mar 2019
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≈ Comments Off on “IMI” Update
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2019, coefficient, IMI, municipality, sqm, update, value, vpt
In 2019, the value per square metre for real estate rose from €603 to €615 per m², an amount that had not changed since 2010. This criterion is key in determining a property’s Rateable Value (“VPT”) and consequently the value of “IMI”. The amount due is fixed by factors such as location, condition, quality, size and age of the property. These coefficients are updated every three years at which time a revaluation of the property can be requested. The final “IMI” due is determined by the tax rate established by each Municipality between 0.3% to 0.45% for urban buildings and 0.8% for rustic land.
16 Monday Jan 2017
Posted in Posts
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2017, construction, IMI, value, vpt
The reference value for determining the construction value of a building for the purposes of “IMI” (Municipal Property Tax) remains unchanged at €603 in 2017. Since 2010, the base value of the buildings has not changed.
DSG - in the pipeline 