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Annual property taxes in Spain for investors: IBI, imputed income, wealth tax, community fees. Full breakdown for non-resident property owners.
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Owning investment property in Spain comes with annual tax obligations that apply whether you rent the property, use it personally, or leave it empty. Here is the complete list.
| Tax/Cost | Typical amount | Notes |
|---|---|---|
| IBI (property tax) | €500-€1,200 | Based on cadastral value, set by municipality |
| Non-resident income tax (if renting) | Varies (see rental income page) | 19% EU on net / 24% non-EU on gross |
| Non-resident imputed income (if vacant) | €170-€600 | Based on cadastral value |
| Basura (rubbish tax) | €80-€150 | Municipal waste collection charge |
| Community fees | €1,200-€2,400 | Monthly, set by community of owners |
| Building insurance | €300-€500 | Contents and liability cover |
| Wealth tax | Usually €0 | Only if Spanish assets exceed ~€700K |
| Total annual costs | €2,250-€4,850+ | Before rental income |
The main annual property tax, similar to council tax or property rates. Calculated as a percentage of the cadastral value (a government-assessed value that's typically lower than market value).
IBI rates are set by each municipality. In Manilva, the rate is approximately 0.6% to 0.9% of cadastral value.
For a new-build apartment with a cadastral value of €80,000 to €120,000: approximately €500 to €1,200 per year.
Paid annually, usually by direct debit from your Spanish bank account.
See our detailed guide on rental income tax for non-residents. The key distinction:
You pay one or the other for each quarter, not both.
Spain levies a wealth tax on total Spanish assets. The threshold and rates vary by autonomous community.
In Andalucía, the effective threshold is approximately €700,000 in net Spanish assets. Most single-property investors fall below this threshold and pay nothing.
If your total Spanish property and financial assets exceed €700,000, the tax ranges from 0.2% to 3.5% on the excess, depending on the total value.
Strictly speaking, community fees are not a tax. But they're a mandatory ongoing cost of apartment ownership in Spain.
The community of owners (comunidad de propietarios) manages the building and communal areas. Fees cover:
Fees are set annually at the community's general meeting. For a development like Nylva Homes: approximately €100 to €200 per month.
BlancaReal can refer you to tax advisors who specialise in minimising non-resident property tax obligations legally and ethically.
Book a consultation for a personalised annual cost projection for your investment property.
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Questions answered
For a typical two bedroom investment apartment: approximately €2,250 to €4,850 per year including IBI, community fees, insurance, rubbish tax, and income/imputed tax.
Impuesto sobre Bienes Inmuebles is the annual property tax based on the cadastral value, set by the local municipality. For Manilva: approximately €500 to €1,200 per year.
Yes. Non-residents pay imputed income tax on vacant property, calculated as a percentage of the cadastral value.
A tax on total Spanish assets above approximately €700,000. Most single-property investors fall below the threshold and pay nothing.
Yes. Every apartment owner in Spain must pay community fees. They cover building maintenance, insurance, and communal facilities.
EU residents can deduct expenses including mortgage interest, depreciation, and management costs. All owners should ensure their cadastral value is accurate. Consult a tax advisor for your specific situation.
Usually once a year, with the billing date set by each municipality. Most owners pay by direct debit from their Spanish bank account.
A municipal waste collection charge of approximately €80 to €150 per year, billed separately from IBI.
Non-residents must file Modelo 210 quarterly for rental income, or annually for imputed income. Your fiscal representative or tax advisor handles this.
Yes. BlancaReal models all annual costs as part of our investment advisory service. We include IBI, community fees, insurance, tax projections, and maintenance provisions in every financial model.
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