For those who do not know what is the IPTU, this acronym refers to the Urban Property and Territorial Tax, and is a tax levied by Brazilian municipalities every year.
Many people face headaches to pay this type of tax, because its value is considered high and every year suffers adjustments, according to the inflation of the economy.
In addition, this tax is mandatory for all property owners, whether owners of land, houses, apartments, among others, provided that they are real estate located in urban environments.
In today’s article we will discuss more about this important Brazilian tax and you will know how it is calculated, if there is possibility of exemption and what is done with this money. Enjoy and good reading!
Who should pay the IPTU?
This tribute is commonly charged to those citizens who own an urban property, be it apartment, house, land, commercial room, or any other type of property in an urbanized region.
The owner of the property is responsible for paying the tax, although the payment can also be made by the renter, that is, the person who rents a property that belongs to him.
However, in order for the renter to be able to pay his IPTU it will be necessary to establish this guideline in the rental contract, otherwise he will not be required to make such payment and you must then pay this type of tax on his own.
How is the calculation done?
The amount charged by the IPTU depends a lot on the profile of your property and in this room we will clarify some key points about this cost.
First, keep in mind that the payment of the IPTU can be made at the beginning of the year, in a single installment, which can usually have a discount of up to 25%, depending on the municipality, or installments in carnê, in up to 11 months.
The amount you will have to disburse to pay this tax is calculated based on the venal value of the property. But what would that be? This value is determined, according to an area, where the property was built, its size, the region and the market value of your property.
That is precisely why it is normal that the value of your IPTU may vary from one year to another.
This tax can be paid at the city hall, or at any bank branch that has ties to the city. It is also worth mentioning that the municipalities issue a ticket for payment in a single or installment and send it to our residential addresses every beginning of the year.
Thus, if you do not want to go to the city hall to issue the ticket, just wait for the account to automatically arrive in your residence.
It is also possible to access the official websites of the municipalities, because in these channels, there is also the possibility of consulting the value of the IPTU and possibility of payment via bank slip.
Important note: the owners of property must take care not to stop paying this property, because its delay may cause a fine and depending on the time you owe the tax to your city, you may even lose the property, if you do not even your debts.
How to have exemption from IPTU?
There is an audience that may be exempt from payment of the IPTU, which are:
- People who receive a lifetime benefit from social security;
- People who receive the BPC (Continued Protection Benefit) aimed at the elderly and also people with disabilities who prove low income.
All the profiles mentioned above can apply to the city of their cities, the exemption from payment of the IPTU, since their rights are guaranteed by law and the municipalities are obliged to comply.
In addition, there may be cases where the person does not get a 100% exemption benefit (this will depend a lot on the case or situation), but they can enjoy great discounts, softening when paying the full amount.
Important note: some municipalities grant this benefit only to those people who own a single property and it should be residential, and never commercial.
What is done with the money raised from the IPTU?
All the money that is collected from this tax goes to the coffers of the city hall of your city, and it is the city that establishes where these resources go.
Generally, the money that is delivered in the form of tax, returns to citizens in the form of services, or structural improvements in the city where we live, in sectors such as Education, Health, Safety, Paving, etc.
Throughout today’s article, you can learn a little more about one of the biggest taxes in Brazil, the IPTU, which every year knocks on the door of Brazilians, and which must be paid with obligation.
Otherwise, we may pay high fines, or even lose the property we own. In some cases, the property may even be auctioned by the city.
To avoid headaches like this, it is recommended that people organize themselves every year, preparing to make this payment in a single installment, or monthly.
So, did you like our content today? Were there any questions about the IPTU that you still didn’t know about? Do you have your own property? What is the amount paid in your city? Leave your comment below!