Decreasing tax in Comunidad Valenciana!!!
The Real Estate Transfer Tax (ITP) will drop to 9% in the Valencian Community in 2026: how much will you actually pay when buying a home?
What is ITP and when is it paid?
The Real Estate Transfer Tax (ITP) is a tax paid when buying a second-hand home.
Unlike new construction, where VAT is payable, in this type of transaction, the ITP is one of the main costs associated with the purchase.
It is a regional tax, meaning each autonomous community sets its own rate. In the Valencian Community, the general rate was 10% until May 2026; starting in June, it will be reduced to 9%.
There are various discounts depending on age and other factors. Official information can be found here: https://atv.gva.es/es/itp-y-aj...
Reducing the ITP to 9%: What will really change in 2026?
This measure means a direct reduction in tax costs for those buying used apartments.
The change applies to formalized sales from June 1, 2026. In other words, the date of the property reservation or the signing of the deposit agreement is not important, but the date of the notarial deed.
This detail is crucial because it could delay the signing of some transactions to take advantage of the new tax rate.
How much money will you save by reducing the ITP?
To understand the real impact, it's best to look at it numerically.
Example 1: House for €120,000
At 10% ITP: €12,000
At 9% ITP: €10,800
Savings: €1,200
Example 2: House for €180,000
At 10% ITP: €18,000
At 9% ITP: €16,200
Savings: €1,800
Example 3: House for €250,000
At 10% ITP: €25,000
At 9% ITP: €22,500
Savings: €2,500
These savings can be used for other purchase-related expenses or even for the down payment needed to repay the mortgage.
How to pay ITP contributions in the Valencian Community
The tax must be paid within 30 business days of the signing of the notarial deed.
This procedure is carried out through the Valencian Tax Office, usually with the assistance of the management company or notary office where the purchase is made.
It can also be done electronically if you have a digital certificate.
Summary: A discount that can make a huge difference
The reduction in the ITP from 10% to 9% in the Valencian Community is a measure that, while moderate, has a real impact on buyers.
While it doesn't completely transform the market, it does facilitate access and improve the financial situation of those considering purchasing.
In an environment where financing, prices, and savings are key factors, any such fiscal adjustment can tip the scales.
Sources and links
https://atv.gva.es/es/itp-y-aj...
https://fincasgirbes.es/itp-ba...
