IMI Payment
Mar 30th 2017, 10:14 am
#31
Forum Regular
Joined: Jul 2012
Posts: 151
Re: IMI Payment
As Campanula says, it's relatively foolproof.
You need to look for the section in your online banking for Pagamentos ao Estado (payments to the state) or similar (not just the usual payments/transfers section). This will require the unique 15-digit reference, amount and probably the owner's Fiscal No for each bill (if the property is 'jointly' owned there will be more than one bill for each fraction). No payee bank account details are required, so you can't get that bit wrong. Some banks apparently don't ask for the owner's fiscal number but mine does.
Some Portuguese banks' online systems, if operated with English menus, omit this section from their menus (as if English speakers don't have to pay taxes
), so check the Portuguese version too. Use Google Chrome to help with required translation, if needed. For this sort of job I find that sticking to Portuguese throughout means that the words on the screen match the words on the bill, so it's easier to tell what goes where.
Generally you need to enter the fiscal number and payment reference numbers without any spaces and remember that the Portuguese use a comma (ie 12,34€ rather than 12.34€).
You need to look for the section in your online banking for Pagamentos ao Estado (payments to the state) or similar (not just the usual payments/transfers section). This will require the unique 15-digit reference, amount and probably the owner's Fiscal No for each bill (if the property is 'jointly' owned there will be more than one bill for each fraction). No payee bank account details are required, so you can't get that bit wrong. Some banks apparently don't ask for the owner's fiscal number but mine does.
Some Portuguese banks' online systems, if operated with English menus, omit this section from their menus (as if English speakers don't have to pay taxes
), so check the Portuguese version too. Use Google Chrome to help with required translation, if needed. For this sort of job I find that sticking to Portuguese throughout means that the words on the screen match the words on the bill, so it's easier to tell what goes where.Generally you need to enter the fiscal number and payment reference numbers without any spaces and remember that the Portuguese use a comma (ie 12,34€ rather than 12.34€).
I am presuming it will know it is an IMI payment by the reference number and that would be how it would differentiate between the type of tax being paid. Just wanted to make sure before I commit the "vast amount" of 320 euros!!
Mar 30th 2017, 10:41 am
#32
BE Forum Addict
Joined: Jul 2009
Posts: 1,837
Re: IMI Payment
You're in the right place and if that's all it asks for then that's all you need.
If you have online access you can check (in a few days) that it has been applied correctly by following the appropriate options here.
Remember that if you have multiple invoices or multiple instalments they must each be paid separately with their own unique reference number.
You have until the end of April to get it right.
If you have online access you can check (in a few days) that it has been applied correctly by following the appropriate options here.
Remember that if you have multiple invoices or multiple instalments they must each be paid separately with their own unique reference number.
You have until the end of April to get it right.
Mar 30th 2017, 4:32 pm
#33
BE Enthusiast
Joined: Sep 2013
Posts: 379
Re: IMI Payment
i just had some fun investigating ImI - annual property tax
in theory its between 0.3 and 0.5% of the value of your house
but this has a very uniquely Portuguese formula applied to it
VT = VC x A x Ca x Cl x Cq x Cv
Here is the meaning of each of the acronyms:
VT = tax net worth;
VC = the basic value of buildings built;
A = gross construction area plus area surplus to the deployment area;
Ca = coefficient of affectation;
Cl = coefficient of location;
Cq = coefficient of quality and comfort;
Cv = coefficient of age.
as they say on their website - easy to calculate
what actually made me smile was two things -
- Cascais and Sintra - two of the most expensive towns in Portugal - where a large proportion of the wealthiest Portuguese families and Portuguese politicians live have the lowest imi rates 0.3
Sintra in addition gave a rebate last year and said its council had too much money
Also Portugal encourages bonking - officially - 3 or more children gets you a 20% reduction off your imi
in theory its between 0.3 and 0.5% of the value of your house
but this has a very uniquely Portuguese formula applied to it
VT = VC x A x Ca x Cl x Cq x Cv
Here is the meaning of each of the acronyms:
VT = tax net worth;
VC = the basic value of buildings built;
A = gross construction area plus area surplus to the deployment area;
Ca = coefficient of affectation;
Cl = coefficient of location;
Cq = coefficient of quality and comfort;
Cv = coefficient of age.
as they say on their website - easy to calculate
what actually made me smile was two things -
- Cascais and Sintra - two of the most expensive towns in Portugal - where a large proportion of the wealthiest Portuguese families and Portuguese politicians live have the lowest imi rates 0.3
Sintra in addition gave a rebate last year and said its council had too much money
Also Portugal encourages bonking - officially - 3 or more children gets you a 20% reduction off your imi
Mar 30th 2017, 5:22 pm
#34
Forum Regular
Joined: Sep 2016
Location: Nr Vila Velha Ródão & Southampton
Posts: 254
Re: IMI Payment
Who's got the lowest bill then? Mine was posted to the UK arrived 2 days ago, and was €48 (house is in the Centro region)
Mar 30th 2017, 6:30 pm
#35
Dichotomus tinker
Joined: Aug 2013
Location: Ontario, Canada
Posts: 6,678
Re: IMI Payment
What type of property is it (house, farm, villa, apartment), number of bedrooms, size, land size if applicable & the location?
Mar 30th 2017, 6:57 pm
#36
Forum Regular
Joined: Sep 2016
Location: Nr Vila Velha Ródão & Southampton
Posts: 254
Re: IMI Payment
It a small cottage, just a couple of beds, and 1/3 acre land
As I said, it's in the Centro region, near Castelo Branco
Mar 30th 2017, 7:10 pm
#38
Dichotomus tinker
Joined: Aug 2013
Location: Ontario, Canada
Posts: 6,678
Re: IMI Payment
Richard @ post #40, thanks
Knoxy_UK @ post #39
Well done, that is low property tax. No wonder what you posted previously about 1/24th of what you pay in the UK.
Do confirm that it's liveable accommodation with electricity & water & not just a shed on a piece of land (joking of course)?
That's less than what the ground rent and/or council tax on a caravan in a holiday park in the UK is, even less than a allotment plot rental
Knoxy_UK @ post #39
Well done, that is low property tax. No wonder what you posted previously about 1/24th of what you pay in the UK.
Do confirm that it's liveable accommodation with electricity & water & not just a shed on a piece of land (joking of course)?
That's less than what the ground rent and/or council tax on a caravan in a holiday park in the UK is, even less than a allotment plot rental
Mar 30th 2017, 7:10 pm
#39
BE Forum Addict
Joined: Jul 2009
Posts: 1,837
Re: IMI Payment
...
VT = VC x A x Ca x Cl x Cq x Cv
Here is the meaning of each of the acronyms:
VT = tax net worth;
VC = the basic value of buildings built;
A = gross construction area plus area surplus to the deployment area;
Ca = coefficient of affectation;
Cl = coefficient of location;
Cq = coefficient of quality and comfort;
Cv = coefficient of age.
...
VT = VC x A x Ca x Cl x Cq x Cv
Here is the meaning of each of the acronyms:
VT = tax net worth;
VC = the basic value of buildings built;
A = gross construction area plus area surplus to the deployment area;
Ca = coefficient of affectation;
Cl = coefficient of location;
Cq = coefficient of quality and comfort;
Cv = coefficient of age.
...
A property over 80 years old pays 35% of the otherwise identical new-build, last time I looked.
Mar 30th 2017, 7:16 pm
#40
Forum Regular
Joined: Sep 2016
Location: Nr Vila Velha Ródão & Southampton
Posts: 254
Re: IMI Payment
Oh, and RichardHenshall, thanks for your info, would hate to have to pay that twice in one year.
Mar 30th 2017, 7:25 pm
#41
Dichotomus tinker
Joined: Aug 2013
Location: Ontario, Canada
Posts: 6,678
Re: IMI Payment
that was so funny Knoxy, 'bloody cheek of it' on the twice per year, imagine having to pay €96/yr.
Will you ever at some point move most of your time or do the 50/50 to PT?
Seeing that you spend (guessing) part year in PT, what are your utility costs for the total year... Electricity, Heating, Water, Garbage etc?
Mar 30th 2017, 7:31 pm
#42
Forum Regular
Joined: Sep 2016
Location: Nr Vila Velha Ródão & Southampton
Posts: 254
Re: IMI Payment
that was so funny Knoxy, 'bloody cheek of it' on the twice per year, imagine having to pay €96/yr.
Will you ever at some point move most of your time or do the 50/50 to PT?
Seeing that you spend (guessing) part year in PT, what are your utility costs for the total year... Electricity, Heating, Water, Garbage etc?
Plan is to live full time out here, but with boys in their final years of gcse's I have to wait until they're 18 til I can leave home.
Electric is around €9 a month, most of that is standing charge. We have a font around 75 metres from the cottage, so water meter is used to flush the loo only. Heating is a log burner, and logs come from the local woods, garbage cost? No ones mentioned a bill for rubbish, it all goes in the Village communal bin.
Mar 30th 2017, 7:54 pm
#44
Forum Regular
Joined: Sep 2016
Location: Nr Vila Velha Ródão & Southampton
Posts: 254
Re: IMI Payment
A strange way to calculate rubbish collection fees, but certainly explains why the font is the centre of activity on a warm summers evening. Peeps come from other villages to ours as the water is apparently superb.
Apr 1st 2017, 10:51 am
#45
BE Forum Addict
Joined: Jun 2012
Posts: 3,033
Re: IMI Payment
Apparently drinking spring water is a strong cultural element here in Portugal.
I was way up in the mountains in Monchique, a spring where people were continuously driving up to collect drinking water.
I was told people have strong preferences for this.
Drinking water is usually a small component of your home water usage. Most is used for washing and flushing.
I got my first IMI bill yesterday [after 9 years] I suppose I'd better open it.
I was way up in the mountains in Monchique, a spring where people were continuously driving up to collect drinking water.
I was told people have strong preferences for this.
Drinking water is usually a small component of your home water usage. Most is used for washing and flushing.
I got my first IMI bill yesterday [after 9 years] I suppose I'd better open it.