Do You Have to Pay Annual Property Taxes in Spain? | 2 Minute Tuesdays Ep20
Автор: Target Property Spain
Загружено: 2025-02-04
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🏡 Do You Have to Pay Annual Property Taxes in Mijas Costa and Spain? 🏡
Welcome to another Two Minute Tuesday with Keith and Sophia from Target Property Spain! In this episode, we’re answering a common question: Do I have to pay annual property taxes in Spain?
✅ Yes, you do! Spain has a tax called IBI (Impuesto sobre Bienes Inmuebles), which is similar to property tax in the U.S. or council tax in the U.K. The good news? It’s a lot more affordable!
📌 Here’s a quick breakdown of IBI costs:
💰 A typical 2-bed, 2-bath apartment: Around €500 per year
🏡 A larger villa: Between €1,000 - €1,500 per year
🌟 Luxury properties with extensive land: Up to €2,500 per year
Compared to countries like the U.S., where property tax can be as high as 2% of the home’s value (that’s $10,000 a year on a $500,000 home!), Spain offers a much more affordable tax system.
If you’re thinking of buying property in Spain and have more questions, drop them in the comments! 💬 Don’t forget to like, subscribe, and hit the bell icon 🔔 for more helpful insights every Tuesday!
🤝 Connect with Target Property Spain:
Website: https://www.targetpropertyspain.com
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Facebook: / targetpropertyspain
Linkedin: / target-property-spain
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#SpainRealEstate #PropertyTaxSpain #MovingToSpain #CostaDelSol #ExpatsInSpain #TargetPropertySpain #TwoMinuteTuesday
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