Property maintenance costs in Italy
It costs about
Since 1 January 2014, homeowners pay the single utility tax (imposta unica comunale or IUC) covering:
- municipal property tax (imposta municipale unica or IMU), 0.76% (does not apply to permanent residences);
- waste removal and recycling tax (TARI), about €100;
- municipal tax levied to maintain roads, street lights, etc. (TASI).
The TARI depends on the surface area of the property and waste volume. The other two taxes are computed with the real estate cadastre value (rendita catastale). IMU and TASI rates do not exceed 10.6%. The IUC is paid in four installments per year (every 16 January, April, July and October) or a
Properties held for over five years are not charged capital gains tax; otherwise, it is 20% of the cadastre value.
Utility bills range from €200 to €5,000 per year for an apartment and from €1,200 to €6,000 for a villa including electricity (
Property bought in new residential complexes may be subject to acondominium fee covering maintenance of the public area, concierge services and pool cleaning fees.
Real estate should be insured in Italy and will cost about
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