Buying a property in the Valencian Community in 2026 has a key date you should know from the very beginning: June 1, 2026.
The general ITP for second-hand properties drops to 9% for properties up to €1,000,000, while the general AJD drops to 1.4%. If you buy a new-build property, you will typically pay 10% VAT and AJD; if you buy a second-hand property, you will normally pay ITP.
In simple terms, in the Valencian Community, the main tax depends on the type of property.
Second-hand property = ITP. New property = VAT + AJD.
To this, you must add other usual costs such as notary, registry, administrative fees, or mortgage-related expenses, so it is advisable to calculate the total cost before signing.
What taxes are paid when buying a property in the Valencian Community in 2026
The first important distinction is whether the property is new or second-hand.
If you buy a second-hand property
The main tax when buying a second-hand property in the Valencian Community is the Property Transfer Tax (ITP).
From June 1, 2026, the following structure applies:
- 9% → general rate (most second-hand property purchases)
- 11% → properties over €1,000,000
This means that in a standard transaction, the tax is reduced compared to previous years and directly lowers the total purchase cost.
Taxes when buying a new property
If you buy directly from a developer, you do not pay ITP. Instead, the following apply:
- VAT (10%) on the purchase price
- AJD (1.4%) from June 1, 2026
This second tax is applied to the notarial deed.
How ITP is calculated in the Valencian Community
ITP is not always calculated solely on the price you pay for the property. The taxable base will be the higher of these two values:
- Purchase price stated in the deed
- Cadastral reference value assigned to the property
In practice, if you buy below the reference value, the tax authorities may assess the tax based on that higher value.
Comparative table of ITP in the Valencian Community
Type of ITP | When it applies | Rate |
ITP general until May 31, 2026 | Second-hand property, general regime | 10% |
ITP general from June 1, 2026 | Second-hand property up to €1,000,000 | 9% |
ITP for higher-value properties | Second-hand property over €1,000,000 | 11% |
Reduced ITP for young buyers under 35 | According to requirements | 6% or 8% |
Reduced ITP for large / single-parent families | According to requirements | 3% or 4% |
Reduced ITP for people with disabilities | According to requirements | 3%, 4% or 6%/8% |
Who can pay less tax (reduced rates)
In the Valencian Community, not everyone pays the general ITP rate. There are reduced rates for certain profiles, provided that specific requirements are met.
In most cases, these benefits apply when the property is used as a primary residence.
Young buyers under 35
Young buyers may access a reduced ITP rate if they meet economic conditions and purchase the property as their main residence.
This group is one of the most fiscally benefited, especially in first-time purchases.
Large or single-parent families
There are also reductions for family units with greater financial burden.
These benefits aim to facilitate access to primary housing, although they are usually conditioned by:
- income
- property value
- use as a primary residence
People with disabilities
People with recognized disabilities can benefit from reduced ITP rates.
The level of reduction may vary depending on the degree of disability and the conditions of the transaction.
What you should check before applying a reduced rate
Before assuming you can pay less tax, it is important to verify:
- That you meet the income requirements
- That the property will be your main residence
- That the property value falls within the established limits
- That you can prove your situation (age, family status, disability, etc.)
If all conditions are not met, the general rate will apply.
Other costs when buying a property in the Valencian Community beyond taxes
In addition to taxes (ITP, VAT or AJD), there are a series of mandatory and common costs that you must include in your budget.
Although they are not always considered at first, they can amount to several thousand euros.
Notary
The notary is the cost of formalizing the purchase through a public deed.
- It depends on the property price
- The complexity of the transaction also influences it
- Estimated cost: between €500 and €1,500
It is a mandatory cost: without a notarial deed, you cannot formalize the purchase.
Land Registry
Once the deed is signed, the property must be registered in the Land Registry in your name.
- Guarantees that you are the legal owner
- Protects against third parties (debts, charges, etc.)
- Estimated cost: between €600 and €1200
It is not legally mandatory, but in practice it is essential (especially if there is a mortgage).
Administrative services
The gestoría handles all administrative procedures:
- Tax settlement (ITP, AJD, etc.)
- Registration in the Land Registry
- Document management
Estimated cost: between €300 and €600
It is optional if you buy without a mortgage, but very common to avoid errors and save time.
Mortgage costs (if you finance the purchase)
If you buy with financing, there are additional costs to consider.
Property valuation (appraisal)
It is mandatory for the bank to assess the property.
Estimated cost: between €250 and €600
Other associated costs
Under current regulations:
- The bank covers most mortgage formalization costs
- The buyer still pays some operational costs (such as the appraisal)
This has significantly reduced the initial cost compared to previous years.
How much you will actually pay when buying a property in the Valencian Community
The property price is not the real cost of the transaction.
To know how much you will actually pay, you must add taxes + associated costs.
As a quick reference:
- Second-hand property : between 10% and 12% additional
- New property : between 12% and 14% additional
What this percentage includes
This additional cost includes:
- Taxes (ITP or VAT + AJD)
- Notary
- Land Registry
- Administrative services
- Appraisal
In other words, this is not an estimate, but the real cost required to complete the purchase.
Do you need help buying a property in the Valencian Community?
At Cumbre del Sol Preowned, we specialize in buying and selling properties in the Costa Blanca area, especially in Cumbre del Sol.
Our team, led by Kurt Op de Beeck, supports national and international buyers throughout the entire process, from property selection to the real calculation of taxes and costs.
If you are thinking about buying a property in Cumbre del Sol, we can help you:
- Accurately calculate how much you will pay in taxes
- Analyze the real cost of the transaction
- Find properties that match your budget
- Manage the entire process safely and clearly
Speak with our expert team and discover your options based on your real budget.
Frequently asked questions about taxes when buying a property in the Valencian Community
What tax is paid when buying a second-hand property?
The Property Transfer Tax (ITP) is paid.
From June 1, 2026, the general rate is 9%.
What taxes are paid when buying a new property?
- VAT at 10%
- AJD at 1.4%
ITP is not paid in this case.
When does the ITP reduction come into effect?
June 1, 2026, when the general rate drops from 10% to 9%.
On what value is ITP calculated?
ITP is calculated on the higher of:
- The purchase price
- The cadastral reference value
Are there reduced ITP rates?
Yes, for:
- Young buyers under 35
- Large or single-parent families
- People with disabilities
How much money do I need in addition to the property price?
- Second-hand → 10% – 12% extra
- New property → 12% – 14% extra
This includes taxes and all associated costs.
