You better learn beforehand how much money you need to prepare for purchasing a property here.
Once or twice a year (at your choice), the owners of Italian housing must pay three taxes.
Ownership Tax (IMU - Imposta municipale unica)
To calculate this tax, you have to know:
cadastral value of the property;
the annual tax rate determined by the municipality;
potential cadastral income;
the property category to find out the increasing coefficient.
The fourth point is the most incomprehensible for the owner. The Italian government assigns categories to different types of property. For example, prestigious real estate falls into the A1 category, villas by the sea – A8, historical buildings – A9.
It is worth knowing the category even before buying a house, as the increasing coefficient can be very significant. It often happens that a nondescript building has cultural or historical significance. And it also happens that if you buy an apartment in one part of the house, you will pay a tax of €900 per year, and if you buy a similar one in another – only €400. Because one part of the building is historically valuable, and the second part is a modern extension.
Example of the annual amount of property tax depending on the type of housing
Two-bedroom apartment by the sea. Cadastral value - €120,000. The tax is €650.
Secondary economy class far from the sea. Cadastral value - €50,000. The tax is €250-300.
Private villa with a plot of land. Cadastral value - €200,000. The tax is €700.
The same private villa, but with a swimming pool and on the seashore. Cadastral value - €250,000. Tax – €1,200.
The average annual rate will be 0.4–0.7% of the cadastral value of the object. But to find out a more accurate figure, before buying the selected house or apartment, you should visit the cadastral office. Preliminary approximate amounts can be found using the calculator.
Municipal Tax (TASI - Tasa sui servizi indivisibility)
The size is regulated by the city municipality. Due to this tax, the streets are clean and well-lit, the squares and parks are well-groomed, the lawns are mowed, the sewerage and drainage systems are stable.
The specific amount varies depending on the city, commune, and government, but it has nothing to do with the type of property. The limit is €100, the average value is €70. The tax will be higher in historical and / or tourist cities with dense buildings, complex communication systems. Small villages and areas located closer to the center of the peninsula do not pay TASI.
Garbage Collection Tax (TARI - Tassa rifiuti)
The size of the TARI depends on the location of the house, the number of residents and the amount of waste. The amount is calculated individually. For example, if two people live permanently in the apartment with an area of 150 sq.m in the old town, the annual tax will be about €300. If the housing area is 77 sq.m, it is located in the suburbs, and only one owner lives there, the tax is about €120-150.
If you live in Italy for a few months per year, you can apply for the tax reduction by 30-50%.
When a property is rented out, the tax on garbage collection is usually paid by the tenant.
The deadline for paying property taxes depends on whether you intend to pay them in one or two installments. In any case, at least part of the payment must be made before June 16. If you split the payment into two parts, you must make the second one before December 16. If you pay the full amount, then you need to check with the current rates before December 16, which may change in six months. If this happens, you will have to pay extra, otherwise you can get the penalty.
How to calculate
There are two options: calculate for yourself, but in mind that you will be responsible for mistakes, or assign this responsibility to the commune. The second case is rare, since in most cases the commune does not deal with this issue.
One of the paid methods is to hire a tax consultant, whose services cost €40-100, depending on the region, or contact the state tax service, which costs only €20-30, but you will have to wait in line, as the demand is considerable.
How to pay
Good news: everything can be done remotely via Internet banking from your personal account in an Italian bank or through your personal account after registering on the website of the tax service.
If you are in Italy, you can also go to the bank or post office with a receipt. If you live most of the time outside of the country, you can entrust this issue to the management company, whose representative takes care of paying all bills.
There is a Prima casa tax benefit in Italy that allows you to:
Reduce the tax on the purchase of real estate to 4%, if it is a new building (not older than four years), or to 2% if it is a secondary building. You can use the benefit once, regardless of the region, type of housing and citizenship of the buyer. The main condition is the presence of a residence permit, while the main residency should be Italy. You can use this condition, even if you do not have a residence permit yet, but you intend to get it. In this case, you should contact a notary who will calculate the tax taking into account the benefit. But it is important to issue a permit within 18 months-otherwise you will have to pay the missing amount and a penalty fee.
Do not pay property ownership tax, if you have a residence permit in Italy and you live in the purchased property permanently.
If you have a residence permit or permanent residence, you can apply for a number of other benefits under certain conditions (a large family, a single home, etc.).
Check out available realty in Italy:
330 000 €
Flat on Lake Como, Italy
80 sq.m22
Menaggio, Lake Como.
A new residence in the most elite area of the city.
We offer for sale an apartment on the ground floor with a view of the lake and Cape Bellagio,.
It has a separate entrance and is surrounded by a huge garden of more than 250 square meters with beautifully laid stone practical paths. In the middle of the garden there...
GH Estate
473 000 €
Villa on Lake Garda, Italy
121 sq.m32
Annual expenses2.600 €
Floor 0
sq.m.121
OrientationSouthwest
Energy efficiency class E (183.05 [kWh/m2a])
Free sides 3
FurnitureFurnished
Number of rooms 3
KitchenSeparate
Bathroom 2
heatingAutonomous
Garden of 250 sq.m....
GH Estate
320 000 €
Flat on Lake Como, Italy
78 sq.m321
Annual expenses1.500 € Floor 2 sq.m. 78 OrientationNorth given Energy efficiency class A (30 [kWh/m2a]) Free sides 3 FurnitureNot furnished Number of rooms 2 KitchenConnected Bathroom 1 heatingThe counter is Central Garden sq.m. 0 basement- sq.m terrace 0 object...
GH Estate
750 000 €
House in Citta della Pieve, Italy
792 sq.m10
San Bartolomeo I, is a farmhouse for sale that requires restoration in Umbria. The farmhouse has a very impressive structure and has been completely plastered and is situated within a small valley between the villages of Città della Pieve and Cetona. The farmhouse is surrounded by a picturesque forest, offering complete privacy. The main...
Great Estate
10 000 000 €
Villa on Lake Garda, Italy
800 sq.m78
Padenge sul Garda
Luxury two-storey villa with an area of about 800 m2 and is currently divided into two apartments that can be combined into one property. This magnificent house is located in a quiet and peaceful area, close to all infrastructure. The beach is just 5 meters from the villa. Stunning panoramic views can be observed from every...
GH Estate
1 300 000 €
Villa in Florence, Italy
1000 sq.m911
This stunning 18th-century luxury property surrounded by Tuscan countryside and located close to Florence is for sale in a high setting in Reggello. This estate, which can be accessed from a lovely tree-lined road, measures 1,000 sqm, is composed of a main villa that looks like a castle with crenellated profiles and an adjacent annex, and is...
Lionard Luxury Real Estate
12 000 000 €
Villa in Lesa, Italy
1300 sq.m66
Luxury villa for sale overlooking the enchanting Lake Maggiore. This 1180 m2 residence, dates back to the early 1900’s and stands out in the surrounding landscape because of its unique apperance and fine neo-gothic decorations. A parkland of 6000 m2 totally surrounds the villa where we also find two independent outbuildings. The main building...
Lionard Luxury Real Estate
240 000 €
Villa in Anzio, Italy
134 sq.m33
duplex type villa
three-storey villa of 134 sq m + garden
1st floor: living room, kitchen, bathroom + veranda and garden
2nd floor: two bedrooms, bathroom and balcony
semi-underground room: hobby room, bathroom
+ garage
Real Casa Italy
370 000 €
Villa on Lake Garda, Italy
141 sq.m433
Online ViewingRemote Transaction
The villa is located within the context of two other semi-detached villas with which it shares the pool and solarium. It is divided on two levels: the ground floor consists of a living room, dining room and a bathroom, while on the upper floor there is the master bedroom plus another bedroom and a bathroom.
The interior of the villa can be...
GH Estate
Price on request
Villa in Celle Ligure, Italy
600 sq.m88
In one of the busiest resorts of the Ligurian Riviera, on the first line of the beaches of Albisola Superiore, a private residence with a private park with a total interior area of 600 sq. m. is for sale. The villa is built in a characteristic Ligurian style and includes decorative elements and exquisite interior decoration using valuable...
Lionard Luxury Real Estate
280 000 €
Townhouse in Spello, Italy
183 sq.m822
Casa San Martino is a beautiful property in the historic center of Spello, part of the circuit of the most beautiful villages in Italy. The property is accessed at street level by climbing some stone steps. On the ground floor (actually already raised above the public square), we find a room with a fireplace, an eat-in kitchen, a bedroom and...
Great Estate
Price on request
Villa in Modena, Italy
1700 sq.m79
This luxurious, finely-renovated estate is for sale in the province of Modena. Immersed in a splendid 6-hectare park, a true masterpiece of landscape architecture, this luxury property is divided into two completely independent housing units. The first, equipped with a lift, houses a living area and multiple rooms used as a study, music room,...
Lionard Luxury Real Estate
18 000 €
Flat in Scalea, Italy
38 sq.m211
Online ViewingRemote Transaction
The most famous resort in Italy for the Russian-speaking population is the city of Scalea. We offer to your attention for sale an apartment in the city of Scalea, located on Bergamo street in a single-storey house. There is Parking at the house. The facade of the house has been recently restored. The apartment is located on the first (ground...
Scalea Realty
150 000 €
Apartment in Chiusi, Italy
126 sq.m832
Apartment on the upper floors of a beautiful building from the early 1900's in the historic center of the magnificent Etruscan town on the border with Umbria. The apartment is spread over the entire third floor and part of the attics. From every window we have a beautiful view of the surrounding houses, the park and an incredible view towards...
Great Estate
3 900 000 €
Villa in Camogli, Italy
570 sq.m86
Liguria. Camogli, villa for sale with stunning sea views.
The villa has an area of 570 sq.m. It offers a living room, kitchen, 8 bedrooms and 6 bathrooms.
Plot of 700 sq.m. with a view pool.
The price is 3,900,000 euros.
ITALCASA
Price on request
Farm in Florence, Italy
2400 sq.m1010
The elegant residence of the luxury class, surrounded by the greenery of Tuscan hills, near the historical center of Florence, is presented for sale. Luxurious real estate occupies 40 hectares, including vineyards, olive groves, forests and arable land. The villa is located on three levels and includes two spacious living rooms, equipped...
Lionard Luxury Real Estate
2 850 000 €
Villa in Turin, Italy
1157 sq.m65
The 18th century villa, located 15 km from the center of Turin, was put up for sale, In the heart of the canavey, on the territory of a vast park with an area of more than three hectares with a pool. Plot of 5000 square meters. Protected around the perimeter with a high hedge and surrounded by historical walls, there is a tennis court with...
Lionard Luxury Real Estate
670 000 €
Villa in Arezzo, Italy
397 sq.m1553
We offer for sale a wonderfull property in Tuscany. We are precisely in the Casentino Valley in the municipality of Poppi, where you can find the medieval Castle of Poppi one of the most preserved medieval Castle in Europe. The closest town is Arezzo which is 35 km away. The Villa is located a few minutes walk distance from the medieval...
Private person
Price on request
Villa in Olbia, Italy
280 sq.m55
Nestled in the picturesque hills overlooking the Costa Smeralda, this luxurious villa embodies modern elegance and Mediterranean charm. Spread across two levels and spanning 280 sqm, this property blends traditional Gallura heritage with contemporary design, offering 15 hectares of lush olive groves with stunning sea views. Sardinia's Costa...
Lionard Luxury Real Estate
360 000 €
Flat in Milan, Italy
48 sq.m22
In the ancient district of Milan Via Cenisio, near the arch of Arco della Pace, Sempione Park and City Life, we offer apartments of various sizes and typologies in a historic six-storey building, which is currently undergoing complete restoration with the replacement of all communications. The redevelopment includes the reconstruction of the...
