Spain's IBI Property Tax Explained: 2025 Rates by Province
Expat Tips
Published: 21 March 2025 15:56 CET
Updated: 23 April 2025 23:34 CET
Spain's IBI Property Tax by Province – 2025 Guide
The Impuesto sobre Bienes Inmuebles (IBI) is a local property tax that every real estate owner in Spain must pay annually. It is imposed by municipalities and applies to all types of urban and rural properties, including homes, garages, commercial units, and land.
IBI is comparable to the UK’s council tax or the US’s property tax, but it’s calculated differently. Instead of being based on the market value, it is calculated using the cadastral value (valor catastral), a value assigned by Spain’s land registry (Catastro), which tends to be significantly lower than the actual sale value.
This tax affects property owners in Spain whether they are residents or non-residents, and forms part of the annual running costs of owning a home or investment property.
How Is IBI Tax Calculated?
Step-by-step calculation
- Find your property's cadastral value (stated on your last IBI receipt or available via the Catastro portal).
- Multiply it by the local IBI rate for your municipality.
- This gives you the annual IBI amount to pay.
IBI is paid once per year, typically between May and October depending on your municipality. Some ayuntamientos allow direct debit with small discounts.
To make this easier, we’ve created examples based on a property with a cadastral value of €250,000, along with common IBI rates by region.
IBI Rates and Example Costs by Province (2025)
Example based on €250,000 cadastral value
The figures below show approximate annual IBI payments for a property with a €250,000 cadastral value, using common municipal rates.
Andalusia
- Seville: 0.75% → €1,875/year
- Málaga: 0.65% → €1,625/year
- Granada: 0.70% → €1,750/year
- Córdoba: 0.72% → €1,800/year
- Jaén: 0.60% → €1,500/year
- Huelva: 0.57% → €1,425/year
- Almería: 0.58% → €1,450/year
Valencia Region, Balearics & Canary Islands
- Valencia: 0.72% → €1,800/year
- Alicante: 0.68% → €1,700/year
- Castellón: 0.60% → €1,500/year
- Palma (Balearics): 0.58% → €1,450/year
- Santa Cruz de Tenerife: 0.55% → €1,375/year
- Las Palmas: 0.53% → €1,325/year
Northern & Interior Spain
- Madrid: 0.428% → €1,070/year
- Barcelona: 0.66% → €1,650/year
- Zaragoza: 0.66% → €1,650/year
- Murcia: 0.61% → €1,525/year
- Toledo: 0.63% → €1,575/year
- Valladolid: 0.59% → €1,475/year
- Logroño (La Rioja): 0.62% → €1,550/year
- Salamanca: 0.56% → €1,400/year
- Ávila: 0.50% → €1,250/year
- Badajoz: 0.56% → €1,400/year
- Bilbao: 0.52% → €1,300/year
Remember: exact rates vary by municipality. Always confirm your precise rate with your local ayuntamiento.
Useful Guides for Property Owners
For further reading on taxes and property ownership:
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Conclusion
The IBI property tax is a key part of your annual expenses as a homeowner in Spain. Whether you live in your property or rent it out, understanding your local IBI rate helps you plan ahead and compare costs across regions. By checking your cadastral value, confirming your municipal rate, and reviewing Spain-wide averages, you can estimate your yearly tax with confidence.
If you own property in Spain or are planning to buy, knowing the IBI rate in your municipality is essential for calculating real annual ownership costs.
