Residential property maintenance costs comprise three parts: tax, utilities, and insurance. Italy introduced a unique
communal property tax called imposta unica comunale (IUC) on January 01, 2014. It is calculated on three taxes:
- Municipal property tax (imposta municipale unica, IMU). It is levied at 0.76% but not on the real estate used as primary residence;
- Waste tax (TARI) – about € 100;
- Municipal tax for road maintenance, street lighting, and so on.
On average, the tax on an 85 m² apartment is about € 850 per year.
As for utility payments, they depend on the property. Anywhere between € 200-5,000 per annum for an apartment,
depending on its size, while a villa with a swimming pool will be somewhere between € 1,200-6,000 per annum.
The insurance fee depends on a property’s value and usually ranges from € 300-2,000 per annum (usually 1–2% of the property value)