So, you bought or are planning to buy a property in Spain. We will inform you about property taxes and utility bills in this article.
Any owner of real estate, being a resident or non-resident, must frequently pay property maintenance taxes, such as:
The annual municipal tax on real estate property "Impuesto sobre Bienes Inmuebles"
This tax is paid by private individuals, regardless of whether they are tax residents or not. The amount of this taxation in Spain is 1% of the cadastral value of the property, although it may vary slightly, depending on the province in which the property is located.