July has arrived and that means the second payment of the Municipal Property Tax (Imposto Municipal sobre Imóveis or IMI) is due. This notice is for anyone who has to pay this tax in three separate parts. That happens when the amount to be paid is more than 500 euro. It is best to deal with the matter now and avoid getting fined for not paying.
The IMI is an annual real estate tax that homeowners have to pay as part of the general running costs of a Portuguese property, although there are certain exceptions and exemptions from having to pay this tax.
IMI can be paid in the following instalments, depending on the circumstances:
- in just one instalment in April, when the amount is less than or equal to 250 euro;
- in two instalments, in April and November, when the amount is more than 250 euro but less than 500;
- in three instalments, in April, July and November, when the amount is more than 500 euro.
If you already know that the amount you have to pay is over five hundred euro, you’ll have to pay an instalment of the tax this month of July.
How to pay the IMI in Portugal?
The tax can be paid at the Portuguese post office, known locally as CTTs; at the Treasury of the Financial Services (Tesourarias dos Serviços de Finanças); at banking institutions with a protocol signed with the Tax and Customs Authority (Autoridad Tributaria y Aduanera or AT); through banking services or even using an ATM.