Legal tip 60: Tax on property in Spain: IBI
Wednesday, March 25, 2009 @ 8:38 AM
The IBI tax is local tax levied on property, both urban and rural, which is accrued yearly. The collector of this Tax is the Local Council where the property is located.
The tax amount is calculated on the cadastral value of the property and determined by such other factors such as surface, specific location...
IBI rates vary from town to town, mainy depending on size of the town.
Non payment of IBI tax is attached to the property which generates it. So, if you are buying a property, it is very important you verify if all the yearly IBI taxes have been paid.
Castellar de la Frontera ( Cádiz) by Quinocho at flickr.com