ITP in the Valencian Community 2026: rates, reductions and rebates

Anyone buying a second-hand home in the Valencian Community pays the ITP-TPO (Impuesto sobre Transmisiones Patrimoniales Onerosas, the property transfer tax). It is a tax borne by the buyer, self-assessed using modelo 600 and administered through the Agència Tributària Valenciana (ATV, the Valencian tax agency). The regional rates are set out in Ley 13/1997, de 23 de diciembre, de la Generalitat Valenciana.

There is an important change this year: since 1 June 2026 the general rate has dropped from 10% to 9% (art. 33 de la Ley 5/2025, de 30 de mayo, de medidas fiscales, which amended art. 13.Uno de la Ley 13/1997). The 11% rate for properties above one million euros remains. In addition, the region maintains a battery of reduced rates of 8%, 6%, 4% and 3% for the first primary residence of young buyers, the primary residence of large and single-parent families, of people with disabilities and of women who are victims of gender-based violence, and for protected housing, with the €180,000 threshold as the dividing line between the different rates.

The essentials at a glance

Item	Regime in force in 2026 (from 1-6-2026)
General rate	9%; if the value exceeds €1,000,000, 11% on the full value (art. 13.Uno Ley 13/1997)
Buyers <35, first primary residence	6% if value ≤€180,000; 8% if >€180,000 (with an income cap)
Large/single-parent families, disability, victims of gender-based violence	3% if value ≤€180,000; 4% if >€180,000
VPO general regime (first home)	6% / 8% depending on value; special-regime VPO: 3% / 4%
New home	No ITP: IVA 10% + AJD (general 1.4% from 1-6-2026; 0.1% if it will be the primary residence)
Deadline and form	1 month from the act or contract, modelo 600 (ATV)

When ITP is due (and when it is not)

ITP-TPO is paid when buying a resale home. A new home bought from the developer is taxed under IVA (10%) plus AJD, whose general Valencian rate is 1.4% since 1 June 2026 (previously 1.5%; art. 34 de la Ley 5/2025); if the home will be the buyer’s primary residence, the AJD drops to 0.1% (art. 14.Uno.a) de la Ley 13/1997). One anti-fraud detail: successive purchases of the same registered property from the same seller within a 3-year period are treated as a single transfer for the purpose of applying the rate (art. 13.Ocho).

To apply any of the reduced rates it is an essential requirement that the purchase be formalised in a public document (deed) or be formalised as such within the filing period (art. 13.Siete), and the concept of primary residence is that of the IRPF rules (art. 13.Seis).

The taxable base: the Cadastre reference value

The taxable base is the property’s cadastral reference value on the accrual date; if the agreed price or the declared value is higher, the higher figure is used. Without a reference value, the base is the highest of these amounts: declared value, price or market value (art. 10 del TRLITPAJD, Real Decreto Legislativo 1/1993). The €180,000 thresholds for the reduced rates refer to the value of the property in these terms.

The general rate

• 9% for real estate and rights in rem over it, except security rights (art. 13.Uno Ley 13/1997, wording in force since 1-6-2026 under art. 33 de la Ley 5/2025; until 31-5-2026 it was 10%).
• 11% when the value of the property or right exceeds one million euros; in that case the 11% applies to the entire value, not just the excess (same article; in force since 2023 under Ley 8/2022).

On the ATV’s modelo 600, resale homes are declared under code TU1 and properties or rights above one million euros under code TUM (11%). Practical warning: as of this update, the table of codes published on the ATV website still showed the previous 10% for TU1; the statutory rate applicable to accruals from 1-6-2026 is 9%.

Reduced rates in force in 2026

The income caps cited refer to art. 4.Cuatro de la Ley 13/1997: the sum of the general net taxable base and the savings net taxable base for IRPF must not exceed €30,000 in individual filing or €47,000 in joint filing (first paragraph); for special-category large or single-parent families, €35,000 and €58,000 respectively (second paragraph).

Buyers under 35 (first primary residence): 6% or 8%

• 6% if the value of the home does not exceed €180,000 (art. 13.Tres.1); 8% if it does (art. 13.Dos.2), in both cases on the share acquired by the young buyer.
• It must be their first primary residence and meet the general income cap (€30,000/€47,000).

Large and single-parent families: 3% or 4%

• 3% if the value does not exceed €180,000 (art. 13.Cinco.2); 4% if it does (art. 13.Cuatro.1).2.
• The family’s primary residence, and an income cap depending on category (general: €30,000/€47,000; special: €35,000/€58,000).

People with disabilities: 3% or 4%

• 3% up to €180,000 of value (art. 13.Cinco.3); 4% above (art. 13.Cuatro.1).3, on the share of the property acquired by the person with a disability.
• A degree of disability of 65% or more, or a permanently recognised intellectual or mental disability of 33% or more (wording introduced by Decreto-ley 14/2025 and kept with identical text by Ley 3/2026, de 29 de junio, in force since 3-7-2026). No income cap applies.

Women who are victims of gender-based violence: 3% or 4%

• 3% up to €180,000 (art. 13.Cinco.4); 4% above (art. 13.Cuatro.1).4, on the share they acquire.
• Primary residence, the general income cap (€30,000/€47,000) and accreditation under the Valencian Ley 7/2012.

Officially/publicly protected housing (first primary residence)

• General regime: 6% up to €180,000 (art. 13.Tres.2) and 8% above (art. 13.Dos.1).
• Special regime: 3% up to €180,000 (art. 13.Cinco.1) and 4% above (art. 13.Cuatro.1).1.

There are also 8% and 4% rates for business acquisitions (economic units, young entrepreneurs, advanced industrial areas, headquarters in municipalities at risk of depopulation and agricultural plots), which are unrelated to private home purchases.

Rebates and deductions on the tax due

For an ordinary purchase of a resale home by a private individual there are no general rebates on the tax due; the benefit is delivered through the reduced rates above. Specific rebates do exist:

• Areas affected by the DANA storm of October 2024: 100% of the tax, until 31-12-2026, on the acquisition of properties (or rights of use and enjoyment) replacing others located within the scope of Decreto Ley 12/2024 that were left unusable, in ruins or awaiting demolition; the damaged property must be identified in the deed and only one acquisition per damaged property is allowed (art. 9 Decreto Ley 12/2024).
• Those affected by the Campanar fire (València, 22-2-2024): 100% of the tax on the purchase of the replacement home, extended into 2026 by Decreto-ley 4/2026 (DA 18.ª Ley 13/1997); it includes up to two garages and one storage room and excludes large holders.
• Real estate companies buying to resell or rent out (under the sector’s adapted PGC accounting rules): a 50% rebate — or 70% if they also rent the property out after energy-efficiency, sanitation or accessibility works — when the home is acquired as payment for the delivery of another new home to the transferor, with resale or rental within 3 years and the other requirements of art. 14 bis.Tres.
• Municipalities at risk of depopulation: 50% on the purchase of properties for immediate renovation and use as housing, with proof of completion of works within 3 years (art. 14 bis.Cinco).
• Collaborative housing of social interest: 99% on its various transactions (art. 14 bis.Séptimo).

The Valencian Community has no specific increased rate for large holders: the only heavier scale is the 11% for values above one million euros, applicable to any buyer.

How to pay: form and deadline

Self-assessed using modelo 600 (prepared and filed online at the ATV’s electronic office or in person). The general deadline is one month from the day the act or contract takes place (the deed), according to the ATV’s official ITPAJD page. If the requirements of a tax benefit applied are later breached, a supplementary self-assessment must be filed within one month of the breach, with late-payment interest.

Applicable legislation (official links)

• Ley 13/1997, de 23 de diciembre, de la Generalitat Valenciana (BOE consolidated text, which already incorporates the 9% applicable from 1-6-2026): https://www.boe.es/buscar/act.php?id=BOE-A-1998-8202
• TRLITPAJD (state, consolidated): https://www.boe.es/buscar/act.php?id=BOE-A-1993-25359
• Transmisiones Patrimoniales and AJD at the Agència Tributària Valenciana (rates, modelo 600 codes and deadlines): https://atv.gva.es/es/transmisiones-patrimoniales-y-actos-juridicos-documentados
• Capítulo IV “Tributación Autonómica. Medidas 2026” (Ministerio de Hacienda): https://www.hacienda.gob.es/sgfal/financiacionterritorial/autonomica/capitulo-iv-tributacion-autonomica-2026.pdf