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Machico: property tax (IMI) and income tax refund
| Machico | Value |
|---|---|
| IMI on urban property (2025, paid in 2026) | 0.3% |
| IMI on urban property (2026, paid in 2027) | 0.3% |
| IMI on rural property | 0.8% |
| Family IMI discount (1 / 2 / 3+ dependants) | €30 / €70 / €140 |
| IRS refunded by the council (2025 income) | 1% |
| IRS refunded by the council (2026 income) | 1% |
How much IMI will I pay in Machico?
IMI is charged on the property's taxable value (VPT), shown on the property record (caderneta predial): IMI = VPT × municipal rate.
Example (illustrative): a home in Machico with a VPT of €100,000.00 pays €100,000.00 × 0.3% = €300.00 a year.
It is paid in May (up to €100), May and November (up to €500) or May, August and November (over €500). Owner-occupied homes and low-income households may be exempt.
Does Machico council refund income tax?
Every council is entitled to up to 5% of residents' income tax (IRS) and decides how much to give back. In Machico, on 2025 income, residents get back 1%: with €2,000 of IRS assessed, that is €20.00. It applies to people whose tax address is in the municipality. See how to file in the IRS tax return guide.
Other municipalities in Madeira
| Municipality | IMI 2025 | IRS refunded |
|---|---|---|
| Calheta (Madeira) | 0.3% | 5% |
| Câmara de Lobos | 0.3% | 2% |
| Funchal | 0.3% | 5% |
| Machico | 0.3% | 1% |
| Ponta do Sol | 0.3% | 5% |
| Porto Moniz | 0.3% | 5% |
| Porto Santo | by parish | 1.25% |
| Ribeira Brava | 0.3% | 0% |
| Santa Cruz | 0.3% | 1% |
| Santana | 0.3% | 5% |
| São Vicente | 0.3% | 0% |
Frequently asked questions
What is the IMI rate in Machico?
For 2025 IMI, paid in 2026, the rate on urban property in Machico is 0.3% of the taxable property value (VPT). Rural property pays 0.8%.
Does Machico council refund income tax?
Yes. On 2025 income (tax return filed in 2026), the council refunds 1% of the IRS assessed to residents. It is applied automatically in your tax assessment.