Property Taxes in Spain
Owning property in Spain involves several taxes and ongoing costs.
Annual Taxes
IBI (Impuesto sobre Bienes Inmuebles)
Spain's equivalent of council tax. Based on cadastral value.
Typical amounts:- Apartment: €300-800/year
- Townhouse: €500-1,200/year
- Villa: €800-2,500/year
Basura (Rubbish Collection Tax)
€100-300/year depending on municipality.
Non-Resident Property Tax
If you don't live in Spain but own property, you pay "deemed income" tax even if the property sits empty.
Taxes When Selling
Capital Gains Tax
19-26% on profit, depending on amount.
Plusvalía Municipal
Local tax on increase in land value. Only payable if there's actual gain.
3% Retention (Non-Residents)
Buyer retains 3% of purchase price and pays to tax office as advance on your CGT.
Community Fees
If in apartment or urbanisation:
- Maintenance, gardens, pools, security
- €50-600/month depending on facilities
Wealth Tax
Tax on total assets above €700,000 per person in Andalucía.