The IMI bill is automatically divided into two or three payments depending on whether its value ranges between 100 and 500 euros or exceeds 500 euros, with the deadlines occurring, respectively, in May and November or in May, August and November.

Although the predefined deadline for payment of the last IMI instalment – ​​both for taxpayers who pay it in two and three instalments – is November 30, the Ministry of Finance indicated to the Lusa news agency that, since this date coincided with a Sunday and yesterday was a public holiday, it is still possible to settle IMI taxes until Tuesday.

The IMI (Municipal Property Tax) rate is set annually by municipalities within a range of 0.3% to 0.45% for urban buildings (a concept that includes building plots), with the tax being calculated by the Tax and Customs Authority (AT) based on the rate communicated to it and the taxable value of the properties.