BARCELONA: Property taxes going up on more expensive homes

Barcelona City Hall (Ayuntamiento)
Barcelona City Hall (Ayuntamiento)

Barcelona’s leftwing Mayor Ada Colau has pushed through plans to raise local property rates on homes with a cadastral value of more than €100,000.

Property rates on Barcelona homes with a cadastral value of €100,000 or more will rise between 4% and 6% from 2016 onwards, Barcelona City Hall has announced.

Local property rates are known as the Impuesto sobre Bienes Inmuebles, or IBI for short.

In a finely-balanced vote in the City Council, Ada Colau pushed through the measure with the support of the socialists and hard left, and the opposition or abstention of all other groups.

“With this agreement we are stopping the indiscriminate increase in IBI, achieving a more progressive and just tax,” said Gerardo Pisarello, from the City Council´s financial department.

Barcelona City Council claim that almost 80% of homes in Barcelona will not be affected by the increase in taxes. Homes with a cadastral value of €300,000 plus will pay the highest tax increase.

The proposed increase in IBI is progressive in accordance with cadastral values. The following table summarises the proposed increases in IBI for 2016.

Up to €100,000 0%
From €101,000 to €300,000 4%
Above €300,000 6%

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