The Portuguese government’s income from property tax (IMI) grew 8.6% in 2013 due to the nationwide and somewhat overdue revaluation of the country's buildings to apportion sensible rateable values.
The overall taxation of Portugal’s residents increased 8.1% between 2012 and 2013 reaching an unprecedented €57,800 million making former Finance Minister Vitor Gaspar’s prediction of ‘massive tax increases’ spot on.