Property owners in Portugal who have a Municipal Property Tax (IMI) exceeding 500 euros have until the end of today to pay the second installment of this tax.
This deadline is relevant for taxpayers who did not pay the full amount to the Tax and Customs Authority in one go, at the time of the first installment, which took place in May.
Property owners with IMI equal to or below 500 euros usually have only one installment, while higher amounts are normally divided into two or three installments throughout the year.
Those who do not meet the deadline are subject to interest and other penalties for late payment of the tax.



