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 ?
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!!!
Everything you need to know about property in Spain
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.