{"id":979,"date":"2026-05-16T10:29:55","date_gmt":"2026-05-16T10:29:55","guid":{"rendered":"https:\/\/remaxbeachhomes.es\/blog\/?p=979"},"modified":"2026-05-16T10:51:17","modified_gmt":"2026-05-16T10:51:17","slug":"reduced-itp-property-tax-from-june-2026","status":"publish","type":"post","link":"https:\/\/remaxbeachhomes.es\/blog\/reduced-itp-property-tax-from-june-2026\/","title":{"rendered":"Reduced ITP property tax from June 2026"},"content":{"rendered":"

When buying a resale property in the Valencian Community the buyer has a transfer tax called Impuestos Transmision patrimonial ( ITP) to pay,\u00a0 the regional government approved a decrease in the standard ITP rate, which directly reduces the upfront cost of purchasing a resale property.<\/p>\n

As of 1st June 2026<\/strong>, the general ITP rate in the Comunidad Valenciana is reduced to 9%<\/strong> (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.<\/p>\n

This measure is designed to stimulate the property market and make homeownership more accessible<\/em>, particularly for individuals and families entering the market.<\/p>\n

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 <\/p>\n

What is ITP tax?\u00a0<\/strong><\/em><\/h3>\n

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<\/em><\/span>, which in most cases corresponds to the sale price. However, the tax authorities will re-evaluate the taxable base if the official reference value<\/em><\/span> 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.<\/p>\n

 <\/p>\n

 <\/p>\n"},"excerpt":{"rendered":"

When buying a resale property in the Valencian Community the buyer has a transfer tax called Impuestos Transmision patrimonial ( ITP) to pay,\u00a0 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 […]<\/p>\n","protected":false},"author":2,"featured_media":982,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[11],"class_list":["post-979","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-remax-news","tag-home-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/remaxbeachhomes.es\/blog\/wp-json\/wp\/v2\/posts\/979","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/remaxbeachhomes.es\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/remaxbeachhomes.es\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/remaxbeachhomes.es\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/remaxbeachhomes.es\/blog\/wp-json\/wp\/v2\/comments?post=979"}],"version-history":[{"count":5,"href":"https:\/\/remaxbeachhomes.es\/blog\/wp-json\/wp\/v2\/posts\/979\/revisions"}],"predecessor-version":[{"id":985,"href":"https:\/\/remaxbeachhomes.es\/blog\/wp-json\/wp\/v2\/posts\/979\/revisions\/985"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/remaxbeachhomes.es\/blog\/wp-json\/wp\/v2\/media\/982"}],"wp:attachment":[{"href":"https:\/\/remaxbeachhomes.es\/blog\/wp-json\/wp\/v2\/media?parent=979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/remaxbeachhomes.es\/blog\/wp-json\/wp\/v2\/categories?post=979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/remaxbeachhomes.es\/blog\/wp-json\/wp\/v2\/tags?post=979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}