The amount of property tax varies from municipality to municipality and is based on the cadastral value of the property as well as a fixed tax rate, which is usually between 0.4 and 1.1% (urban location) or 0.3 and 0.9% (rural location). In some cases, higher rates may apply. We would be happy to inform you about the current costs around the property tax for a current property. By the way, Mallorca has determined that the property tax does not have to be paid in one amount. Also important: Since 2022, a new tax law applies in Spain, in which the cadastral reference values have been adjusted.