Property purchase taxes in Valencia in 2026

Before buying a property in Valencia in 2026, there is one key aspect you should understand from the very beginning: the taxes you will have to pay.

Buying a property in Valencia is not only about choosing the right location, views or square metres. Behind every real estate transaction lies a tax framework that directly impacts the final purchase price, and yet, it remains one of the most misunderstood aspects for many buyers.

The property purchase tax in Valencia is one of the main factors influencing the overall cost of the transaction. In this updated 2026 guide, we explain clearly and in detail everything you need to know about property purchase taxes in the Valencian Community, from Transfer Tax (ITP) to VAT, Stamp Duty (AJD) and other associated costs.

This guide is designed for buyers looking for clear, reliable and practical information before signing.

What taxes do you pay when buying a property in Valencia?

When calculating the property purchase tax in Valencia, the first step is determining whether the property is new-build or resale.

Each type of property is subject to a different tax treatment under Spanish and regional regulations, which determines which taxes apply and at what rate.

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Resale property: Transfer Tax (ITP)

For second-hand properties, the main property purchase tax in Valencia is the Property Transfer Tax, known as ITP (Impuesto de Transmisiones Patrimoniales).

The person responsible for paying ITP is always the buyer.

Unlike other taxes, ITP in the Valencian Community is not always calculated on the purchase price stated in the deed. The taxable base will be the higher of:

• The purchase price declared in the deed
• The cadastral reference value established by the tax authorities

In high-end property purchases in Valencia, an accurate valuation is essential to avoid future tax reviews or additional assessments. Understanding how ITP is calculated in Valencia is therefore key.

General ITP rates in Valencia in 2026

For 2026, property purchase tax rates in Valencia remain structured and progressive:

• 10% for properties valued up to €1,000,000
• 11% for properties valued above €1,000,000

Reduced ITP rates in the Valencian Community

The regional legislation includes several reduced ITP rates, depending on the buyer’s profile, intended use of the property and purchase price.

Reduced ITP for young buyers (under 35)

Young buyers purchasing their main residence benefit from reduced rates:

• 6% if the property price does not exceed €180,000.
• 8% if the price exceeds that amount.

These reduced rates also apply when the property is linked to a professional or business activity.

ITP for large families and single-parent families

Large families and single-parent families benefit from one of the most favourable tax regimes in the Valencian Community, provided the property is used as their main residence:

• When the value of the property does not exceed €180,000, a reduced rate of 3% applies.
• If the property exceeds this amount, the rate rises to 4%.

This applies to both large families and single-parent families.

Buyers with disabilities and victims of gender-based violence

People with disabilities and women who are victims of gender-based violence are eligible for a tax regime comparable to that of large families in the application of the reduced ITP (Transfer Tax and Stamp Duty) in the Valencian Community.

• 3% when the property does not exceed €180,000.
• 4% if the value is higher.
  
  

For buyers with disabilities, the reduction applies according to legally recognised disability levels (65% physical or sensory, 33% mental) and only to the portion of the property acquired by the beneficiary.

How and when to pay ITP in Valencia

Once the deed of sale has been signed, you must self-assess the property transfer tax, which is a relatively simple process, but we recommend that you have the necessary documentation to hand and comply with the filing deadlines to avoid penalties or surcharges.

In the Valencian Community, the ITP must be paid within a maximum period of 30 working days from the signing of the public deed before a notary. This deadline must be strictly adhered to, no extensions of any kind are allowed, and it begins on the day after the date of signing the deed of sale.

The self-assessment of the tax for the purchase of a home in Valencia is carried out using form 600. This procedure can be carried out in two ways:

• In person at the Valencian Tax Agency offices.
• Online through the official electronic platform.

This link provides a practical guide to settling ITP in Valencia, including payment management and obtaining the corresponding receipt.

Required documentation includes:

• Copy of the public deed of sale, signed before a notary.
• Proof of payment of the tax, issued by the bank or electronic platform.
• Buyer’s ID card or foreigner identification number.
• Documentation proving any allowances or reductions, if a reduced ITP rate applies in the Valencian Community.

Taxes on new-build properties: VAT

For new-build properties, the tax system is different. Instead of ITP, buyers pay VAT (IVA).

In Valencia, new properties purchased directly from a developer are subject to 10% VAT, calculated on the purchase price stated in the deed and paid at the time of purchase.

VAT does not apply to resale properties, which is why understanding the distinction between property types is essential when calculating property purchase taxes in Valencia.

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Other property purchase costs in Valencia

Beyond the main property purchase tax in Valencia (ITP or VAT), buyers should consider additional taxes and costs.

Stamp Duty (AJD)

The AJD tax in the Valencian Community is applied to the formalisation of notarial documents, such as the public deed of sale, which are registrable in the Land Registry.

In other words, it does not tax the property itself, but rather the documented legal act that gives legal form to the transaction.

In the Valencian Community, the general AJD rate is 1.5% of the price of the property as stated in the deed. It should be noted that this percentage varies in each autonomous community, so the cost may differ depending on the location of the property.

Additional costs

In addition to ITP in Valencia, VAT and AJD tax in the Valencian Community, the purchase and sale of homes entails other associated costs:

• Notary fees correspond to the drafting and authorisation of the public deed of sale. These fees are regulated by law and their amount depends mainly on the value of the property and the complexity of the transaction.

In general terms, notary fees when buying a property in Valencia are usually between €500 and €1,500, especially for higher-value transactions, which are common in the high-end property market.

• Once the deed has been signed and the tax on the purchase of the property in Valencia has been paid, the next step is to register the property in the Land Registry. This procedure guarantees legal certainty for the buyer and provides official proof of ownership of the property.

Registration fees are also regulated and depend on the price of the property, although they are usually slightly lower than notary fees (between 0.1% and 0.25% of the purchase price).

• The fees charged by an agent are not compulsory, but they are highly recommended, especially in transactions where there may be special tax considerations. The agent is responsible for filing and paying taxes, making registrations and coordinating administrative procedures after the signing.

Their fees usually range from €300 to €600, a cost that many buyers assume in order to gain peace of mind and avoid mistakes in a process where meeting deadlines is essential.

In high-level real estate transactions, taxation cannot be analysed in isolation. Understanding the two types of highly profitable real estate investment helps to anticipate taxes, adjust costs and bring consistency to the entire transaction.

Summary of property purchase taxes in Valencia

To better understand the real impact of taxes and expenses on a property transaction, nothing beats seeing it reflected in concrete figures.

Below is a comparative table summarising the approximate costs of buying a second-hand property and a new-build property in Valencia.

 Monserrate Inmobiliaria: your strategic partner in Valencia

At Monserrate Inmobiliaria, we know that a high-end property requires more than just a good location. It requires vision, planning and in-depth knowledge of all the associated costs and taxes involved in buying a property in the Valencian Community.

That is why it is best to seek comprehensive advice from professionals who can offer you personalised and up-to-date solutions.

Our team will accompany you every step of the way to ensure that your investment is exceptional and also fiscally sound.

Contact us and turn your next purchase in Valencia into the perfect investment.