Spain's IBI Property Tax Explained: 2025 Rates by Province
Expat Tips
Published: 21 March 2025 12:14 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.
Each municipality in Spain sets its own IBI rate within guidelines established by national law. The rate generally falls between 0.4% and 1.3% of the cadastral value. Larger municipalities tend to apply higher rates, while smaller towns may offer lower rates to attract residents and businesses.
How is IBI Tax Calculated?
To calculate the IBI owed on your property:
- 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.
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.
2025 IBI Rates and Example Costs by Province
- Madrid: 0.428% → €1,070/year
- Barcelona: 0.66% → €1,650/year
- Valencia: 0.72% → €1,800/year
- 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
- Palma (Balearics): 0.58% → €1,450/year
- Santa Cruz de Tenerife: 0.55% → €1,375/year
- Las Palmas: 0.53% → €1,325/year
- Bilbao: 0.52% → €1,300/year
- Zaragoza: 0.66% → €1,650/year
- Murcia: 0.61% → €1,525/year
- Alicante: 0.68% → €1,700/year
- Toledo: 0.63% → €1,575/year
- Valladolid: 0.59% → €1,475/year
- Badajoz: 0.56% → €1,400/year
- Castellón: 0.60% → €1,500/year
- Logroño (La Rioja): 0.62% → €1,550/year
- Salamanca: 0.56% → €1,400/year
- Avila: 0.50% → €1,250/year
Remember: the exact rate may vary slightly depending on your town or municipality. It’s always best to consult your ayuntamiento or town hall to get your property's exact IBI rate.
Conclusion
The IBI property tax is a key part of your annual property expenses in Spain. Whether you live in your property or rent it out, it’s vital to know what to expect and how your area compares to others.
Use this 2025 guide to benchmark your local IBI rate, understand what you’re paying for, and make better-informed decisions when buying or owning property in Spain.
