Nine Algarve and Alentejo councils lower IMI tax in 2020

in News · 07-01-2020 14:58:00 · 0 Comments

Nine Algarve and Alentejo councils have lowered their IMI property tax this year on last year

In the Algarve four councils will apply the minimum rate allowed by law of 0.3%. Albufeira, Alcoutim, Loulé and Monchique will have an IMI rate of 0.3 percent, while Faro, Tavira and Vila do Bispo have all dropped their rates.

Conversely, Castro Marim, in the Eastern Algarve, is the only council in the whole country to increase the amount charged.


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