Portugal Property Tax Bills Surge: Outdated Valuations May Be Overcharging Owners
With the next IMI payment due in November, Portuguese homeowners are urged to verify their property’s tax valuation to avoid unnecessary charges.
📌 Key Highlights & Context
- DECO notes that VPT calculations often ignore updates such as building age, inflating tax bills.
- Owners can use DECO’s online simulator to compare their current VPT with a refreshed estimate.
- Requesting a new assessment is advised only when the simulated reduction is significant and substantiated.
What Is VPT and How Is It Calculated?
In Portugal, the annual property tax (IMI) is based on the tax valuation of the property, known as VPT. VPT is not the purchase price or market value; it is a figure set for tax purposes.
The valuation considers factors like the building’s age, location and use, but some elements are not automatically updated.
Checking and Updating Your Valuation
DECO PROteste advises owners to use its free online simulator to check the current VPT.
- The simulator shows the difference between the existing VPT and a potential new assessment.
- If the gap is material, owners may request an official re‑valuation.
- A new assessment should be pursued only when a clear error can be demonstrated.