Expresso reports the OECD has recommended the Government increase IMI (municipal property tax) and adjust rents more to market levels, beyond simple inflation adjustments. The Secretary of State for Housing has publicly rejected the immediate prospect of raising IMI, but the recommendation signals pressure on fiscal policy and municipal revenues. For expat homeowners, a future IMI rise would mean higher annual property tax bills and should be factored into ownership costs.
OECD recommends raising IMI property tax
Thursday, 8 January 2026AI summary
Context & Explainers
The municipal property tax (Imposto Municipal sobre Imóveis), known as IMI, is an annual tax on property ownership calculated from the property’s taxable value, with the exact rate set by each municipality. For expats who own property, IMI is a recurring local cost that can vary by location and is often central to policy discussions about housing affordability.
