Property Tax in Madeira and the Azores

These islands have become hotspots for property buyers and investors benefit from more favourable levels of property tax in Madeira and the Azores than those on mainland Portugal. These are the current rates of property tax in Madeira and the Azores: IMT Scales for 2012 (Madeira and the Azores)
Please note these scales may be subject to change



Main Residence

Value of Property Transaction	% Tax Payable	Amount to Deduct
Up to €115,509.00	0%	0
From €115,509.00 to €158,004.00	2%	€2,310.18
From €158,004.00 to €215,435.00	5%	€7,050.29
From €215,435.00 to €359,016.00	7%	€11,358.99
From €359,016.00 to €717,904.00	8%	€14,949.15
Over €717,904.00	6%	0

Secondary Residence

Value of Property Transaction	% Tax Payable	Amount to Deduct
Up to €115,509.00	1%	0
From €115,509.00 to €158,004.00	2%	€1,155.09
From €158,004.00 to €215,435.00	5%	€5,895.20
From €215,435.00 to €359,016.00	7%	€10,203.90
From €359,016.00 to €688,545.00	8%	€13,794.06
Over€ 688,545.00	6%	0

Learn more about purchase and annual costs of property ownership in Portugal

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