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The Minister of Finance, Fernando Medina, has guaranteed today in parliament that the Municipal Property Tax (IMI) will not increase next year.
By TPN/Lusa, in News, Portugal, Property · 26 Oct 2023, 16:15 · 1 Comments
Fernando Medina's guarantee was made during a parliamentary hearing at the Budget and Finance Committee (COF) on the State Budget proposal for 2024 (OE2024), when asked about the topic by Chega deputy André Ventura.
“No increase in IMI is foreseen in OE2024, nor any that I can prescribe for the future”, guaranteed the government official.
IMI is levied on the tax value of rural and urban buildings, with revenue falling to the municipalities where they are located.
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In News, Madeira & Azores - 03 Oct 2024, 13:32
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I don't see how it's any of the government's business. The rate of IMI is fixed by each council, within a band of 0.30-0.45% of the property's assessed tax value, for urban plots. I think what he's referring to is the localisation coefficient which is one of the parameters that determines the tax value of a property. So the article should have been more specific about this, as I saw an article suggesting there were revisions being planned for updating the localisation coefficient.
By Billy Bissett from Porto on 27 Oct 2023, 09:46