Note

Transfer tax (ITP) in the Valencian Community

§ 1The general rate

The general ITP rate for housing in the Valencian Community is 9% for transfers accrued from 1 June 2026. It was ten per cent before that date, and the date of the contract, not the date of filing, decides which applies. The rate applies to the tax base, which is the higher of the official reference value and the price, so ask for the reference value before you agree a price.

§ 2Why some pages still say ten per cent

The Ministry of Finance publishes a table of regional tax measures, updated on 23 September 2026, which gives nine per cent with effect from 1 June 2026 and an increased rate of eleven per cent above one million euros. Two law-firm summaries of the regional budget-measures law of 2025 report the same cut, from ten to nine per cent. The Valencian tax agency page we read still lists 10% for the general housing rate and shows no date, so it appears out of date. Because the reduced rates on that page come from the same undated source, confirm them in writing too. We did not read the regional law itself.

§ 3Reduced rates

Buyers under thirty-five who buy their first habitual home with a value of up to €180,000 pay 6%. Large families pay 4% on their habitual home. The agency sets conditions for each, and a buyer who fails one pays the general rate, so read the conditions on the agency page with your adviser.

§ 4Higher rate for expensive homes

Property worth more than €1,000,000 carries a rate of 11%. If your purchase is near the threshold, ask your adviser exactly how the higher rate is applied and what the reference value of the home is, since a valuation above the threshold can change the result.

§ 5Planning the payment

The tax is paid after signing, within a deadline set by the region, and registration depends on it. Your lawyer or gestor normally files the return. Keep the money ready, and ask for the exact deadline and the form in writing.

§ 6Buying in the Valencian Community: what to ask

The Valencian Community has a large foreign-buyer market along its coast and a very different inland market. The rates are regional and apply across the community, so the question is which rate applies to you. Ask your adviser to say, in writing, whether you qualify for the reduced rate, what the reference value of the home is and whether the higher rate could apply to your price.

If your plans include letting the home, ask separately about the rules for tourist lets in the town and the building, because they are set locally and can change. The transfer tax is only one of the costs, and the others are in the buying costs chapter.

§ 7After the deed

Keep the receipt for the tax payment, the deed and the registry entry together in one folder. If you sell one day, the buyer's adviser will ask for them, and the tax authority in the Valencian Community can ask you to show how the base was set. A note of the reference value you were given, and who gave it, costs nothing to keep and can save an argument years later.

§ 8How other regions compare

The rate in one region says little until it is set beside the others. For the rules that all of them share, see the regional resale tax.

If you are weighing several areas, read how Andalusia taxes a resale next, then how the Balearics tax a resale.

Buyers choosing between regions often set how the foral regions tax a resale beside the regional differences.

For other parts of the country, see how Castilla-La Mancha taxes a resale and how Catalonia taxes a resale.

How Galicia taxes a resale and how Madrid taxes a resale show how different neighbouring systems can be.

Two more systems to look at are how Murcia taxes a resale and reduced-rate eligibility.

Tax note. Rates depend on the region, the type of property and the buyer, and they change. Figures here are dated and sourced; examples are illustrative and show their assumptions. Confirm yours with the regional tax agency or a tax adviser.