Is there an IMI exemption for people buying a home?

Yes. If the property is intended as your own permanent home, you may benefit from a temporary IMI exemption for up to 3 years, provided you meet certain legal criteria, namely limits on the property's taxable value (VPT) and on household income. In some cases, this benefit may be extended by a further 2 years.

In practice, this exemption is not automatic and depends on meeting the requirements defined by the Tax Authority, so it is important to confirm whether your case falls within the current rules.

For example, for a property with an annual IMI of EUR500, a 3-year exemption would represent a total saving of around EUR1,500 over that period.

This means that, although temporary, the exemption can have a meaningful impact on the overall cost in the first years after the purchase.