Buying Property in the Valencian Community: Save with the New 2026 Tax Changes
The real estate market on the Mediterranean coast is about to become much more attractive. Starting in June, a key tax reform will come into force that will reduce acquisition costs for thousands of buyers in the Valencian Community.
At Antón & Associates Lawyers, as experts in property law and taxation, we are analyzing every detail of these regulations so that our clients can maximize their savings and secure their investment.
What do these new tax changes consist of?
Just as happened last year in the Region of Murcia, property purchases, both new-build and resale, saw a reduction in ITP and AJD taxes, and this year, at the beginning of June, the Valencian Community will follow suit.
The reform mainly focuses on reducing the Property Transfer Tax (ITP), which is the tax levied on the purchase of resale properties. The objective is to stimulate the market and facilitate access to housing.
Unlike previous years, this measure seeks to ease the buyer’s initial financial burden, allowing a greater part of the budget to be allocated to the property itself and not to taxes.
What are the requirements to benefit from the ITP reduction?
Although the regulations are broad, there are specific criteria that will determine the application of these new tax rates in 2026:
• Transaction date: The reduction will only apply to deeds signed from 1 June 2026 onwards.
• Property value: The reduced 9% rate applies to properties priced at up to €1,000,000.
• Property type: Mainly aimed at resale properties (subject to ITP) and legal acts relating to new-build properties.
Comparative Table between the Region of Murcia (2025) and the Valencian Community, regarding the tax reduction of tax rates (Effective in 2026)
| Fiscal Concept | Region of Murcia (In Force) | Valencian Community (From 01/06/2026) |
| General ITP (Resale Property) | 7.75% (Reduced from 8%) | 9.00% (Reduced from 10%) |
| General AJD (New-Build Property) | 1.50% (Reduced from 2%) | 1.40% (Reduced from 1.5%) |
How much money can you really save?
The direct saving depends on the purchase value, but the impact on the buyer’s finances is immediate. These are some examples of the benefits you will obtain with the new 9% rate:
- Properties worth €150,000: Approximate saving of €1,500.
- Properties worth €250,000: Approximate saving of €2,500.
- Properties worth €400,000: Approximate saving of €4,000.
In addition, a slight reduction in the Stamp Duty Tax (AJD) is also expected, which will go from 1.5% to 1.4%, also benefiting those who buy new-build property or apply for mortgages.
Important note: Transactions carried out before 1 June 2026 will continue to be taxed at the general 10% rate. It is essential to coordinate the timing of the deposit contract and the signing before a notary so as not to lose this benefit.
How can I prepare for my purchase in 2026?
Do not wait until the period opens to review your tax planning. It is vital to assess whether it is in your best interest to wait for the law to come into force.
At Antón & Associates Lawyers, we recommend making a prior provision of funds for the tax burden of the transaction in order to avoid mistakes in the self-assessment that could lead to penalties from the Tax Agency.
Do you need legal advice in the Valencian Community and the Region of Murcia?
If you are looking for a lawyer in Torrevieja, Orihuela Costa, Guardamar del Segura, or anywhere in the Vega Baja area to secure your property purchase, we are here to help you. Proper planning can save you thousands of euros.
Do you have doubts about how the new tax reduction applies in your particular case? Contact us today and secure your investment in the Valencian Community with full legal certainty.
Frequently Asked Questions about the 2026 Tax Reform in the Valencian Community
Below, we answer the most common questions we receive at Antón & Asociados Abogados about the new real estate tax scenario:
1. When exactly does the ITP reduction to 9% come into force?
The key date is 1 June 2026. Any public deed of sale signed before a notary from that date onwards may benefit from the new reduced rate. Transactions signed on 31 May or earlier will still be taxed at 10%.
2. Does this reduction also apply to new-build homes?
Not directly to the main tax. New-build properties pay VAT (10%), which is a state tax. However, the Valencian reform does reduce AJD (Stamp Duty on notarised documents) from 1.5% to 1.4%, which means a small additional saving on new-build purchases and mortgage deeds.
3. What happens if the property exceeds one million euros?
The regulations establish a bracket: 9% will apply up to the first one million euros. For the amount exceeding €1,000,000, the tax rate remains at 11%.
It is vital to calculate by brackets correctly to avoid errors in the tax settlement.
4. If I sign a deposit contract now, can I benefit from the saving in June?
Yes, provided that the signing of the Public Deed before a notary takes place from 1 June 2026 onwards. The tax is accrued at the time of signing before the notary, not at the time of the private deposit contract.
We can help you draft your deposit contract to ensure that the deadlines coincide with the law coming into force.
5. I am under 35 years old. Are the discounts cumulative?
No, they are not cumulative, but you can choose the one that benefits you the most. Generally, for young people under 35 buying their first main residence, there are special reduced rates (such as 8% or lower) that are usually more advantageous than the new general 9%.
We analyze your profile to always apply the lowest rate.
6. Does the ITP reduction also affect garages and storage rooms?
Yes. Property Transfer Tax applies to any purchase of second-hand real estate between private individuals, including garage spaces, storage rooms, and commercial premises located in the Valencian Community.
7. Can I request a refund if I paid 10% in previous months?
Unfortunately, this measure is not retroactive. The law applies according to the accrual date (the day of signing).
If you purchased before June 2026, you did so under the law in force at that time, and there is no right to a refund due to the subsequent change in regulations.
8. Why do I need a lawyer to settle these taxes?
The Generalitat Valenciana thoroughly reviews purchase values. An error in the self-assessment form or failing to apply the allowances correctly may lead to additional assessments and penalties.
At Antón & Associates Lawyers, we make sure that you pay the minimum amount legally possible with full legal certainty.
Are you going to buy a property in Torrevieja or the Vega Baja area?
Do not leave your taxes to chance. At Antón & Associates Lawyers, we are specialists in real estate taxation in Orihuela Costa, Guardamar, and Torrevieja. Contact us for a prior review of your transaction.
