Is there an additional municipal property tax? It is known as AIMI (Additional to the Municipal Property Tax) and applies to property owners whose combined property value exceeds 600,000 euros.
How is this additional tax applied?
The rate of the tax, as noted by DECO PROteste, depends on the property’s valuation and whether taxes are filed separately or jointly. Thus:
For separate taxation
The AIMI rates for separate taxation, based on property valuations, are:
- 600,000 to 1,000,000 euros: 0.7%
- 1,000,000 to 2,000,000 euros: 1%
- more than 2,000,000 euros: 1.5%
For joint taxation
The AIMI rates for joint taxation, according to property values, are:
- 1,200,000 to 2,000,000 euros: 0.7%
- 2,000,000 to 4,000,000 euros: 1%
- more than 4,000,000 euros: 1.5%
In the case of an undivided inheritance
- more than 600,000 euros: 0.7%
When is the AIMI due?
The AIMI is levied annually in September, based on the taxable property value as of January 1st of that year.
