What is IBI, the annual property tax in Spain?
IBI (Impuesto sobre Bienes Inmuebles) is the annual local property tax every Spanish owner pays to the town hall, calculated from the cadastral value — typically a few hundred euros a year for a flat, far below the market value would suggest.
Because IBI is based on the cadastral value (valor catastral), not the price you pay, it is usually modest. The exact rate is set by each municipality.
Check the latest IBI receipt before buying — unpaid IBI can attach to the property and become the new owner's problem.
Checking a specific property?
VeoTrust verifies a listing against the cadastre, the registry, rent-control rules and the real taxes — an honest verdict in minutes.
Related questions
Sources: Ley Reguladora de las Haciendas Locales (IBI) — BOE.
General information for people buying property in Spain — not legal, tax or financial advice. Confirm the specifics for your purchase with a qualified professional.