When buying a resale property in the Valencian Community the buyer has a transfer tax called Impuestos Transmision patrimonial ( ITP) to pay, the regional government approved a decrease in the standard ITP rate, which directly reduces the upfront cost of purchasing a resale property.
As of 1st June 2026, the general ITP rate in the Comunidad Valenciana is reduced to 9% (previously set at 10%), offering immediate savings for buyers. In addition, certain groups (such as young buyers, large families, or those purchasing a primary residence under specific conditions) may benefit from further reduced rates, depending on their circumstances.
This measure is designed to stimulate the property market and make homeownership more accessible, particularly for individuals and families entering the market.
The ITP (Impuesto sobre Transmisiones Patrimoniales) is Spain’s Property Transfer Tax, levied upon the purchase of second-hand properties. This tax is calculated based on the property’s value, which in most cases corresponds to the sale price. However, the tax authorities will re-evaluate the taxable base if the official reference value of the property is higher than the declared sale price. In such an event, the ITP must be paid based on that higher reference value.