Property Rates in Mallorca

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This topic contains 1 reply, has 2 voices, and was last updated by Profile photo of Anonymous Anonymous 10 years, 3 months ago.

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  • #52066
    Profile photo of Anonymous
    Anonymous
    Participant

    Hi there,

    Can anyone help with the rates situation in Mallorca. I am led to believe that property rates on an annual basis, are based on the equity in the property and not on the value therefore having a mortgage can only help the situation. Does anyone know if this is correct?

    also any idea of the percentages that are payable ?

    Appreciate any advice and help. Thanks a lot! 😀

  • #65215
    Profile photo of Anonymous
    Anonymous
    Participant

    Hi Jonnybee
    I am just buying a house in Calvia and have been told that the ‘rates’ are calculated on the value logged at the town hall which is different to the price you pay and often much lower.
    Where in Mallorca are you buying? Expensive isn’t it!!!
    Susan

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