The Ministry of Finance said nearly 651,000 taxpayers were exempt from paying IMI (Municipal Property Tax) in 2024 due to low incomes or low property valuations, covering roughly 2.06 million rural properties and 617,000 urban properties. The ministry attributed low rural values to lack of reassessment and many smallholdings, especially in the North and Centre. Property owners and those buying rural homes should check local IMI rules and valuation practices when budgeting for costs.

Update: Ministry gives exact figure and regional breakdown

Diário de Notícias gives the precise tally as 650,907 taxpayers exempt in 2024, covering 2,059,105 rural properties and 616,980 urban properties; the Ministry repeated that low rural valuations reflect missing reassessments and many smallholdings, mainly in the North and Centre.