Retirees and pensioners from the National Social Security Institute (INSS) may request exemption from the Urban Territorial Property Tax (IPTU). However, as it is a municipal tax, the rules may change depending on the municipality. Check now how this tax works and how the IPTU exemption for retirees and pensioners.
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IPTU – What is it and how does it work?
IPTU is a tax on properties and buildings in urban areas that is levied annually. In this way, the owner pays for the number of properties registered in his name, each with its respective value.
The amount to be paid for the tax is calculated according to the value of the property in question, which is established by the Government. From this value, rates, discounts and possible additions are applied, according to the definition of each municipality.
If the property in an urban environment is just land, instead of a building, the tax to be paid is the ITU (Imposto Territorial Urbano). For properties outside the urban perimeter, the ITR (Rural Territorial Tax) applies. These taxes are calculated based on different IPTU calculations.
Is it possible to request exemption from the payment of IPTU?
The rules for exemption or discounts on the IPTU value vary from one municipality to another, according to the laws of each location. There are cities that establish as a rule for exemption a certain maximum value for the property. For example, if the property is assessed at a value up to that limit informed by the city hall, you do not need to pay the tax.
In addition, in general, INSS beneficiaries can make a request in order to obtain the exemption. Thus, retirees and pensioners do not need to pay, or pay only part of the total amount.
How can retirees and pensioners apply for IPTU exemption?
Beneficiaries need to formalize the request for exemption at a city hall body in the municipality where they reside. Generally, this type of demand is met at the local Treasury Department.
Necessary documents
Check the list of documents required to apply:
- Identification documents with photo of the owner (RG or CNH);
- Document of ownership or possession of the property (updated registration);
- Proof of residence for the current year;
- Proof of family income;
- Detailed benefit statement.
The data will be analyzed and the applicant can get discounts of 30% and 50% or IPTU exemption. If the request is granted, proof of exemption will be sent to the contemplated property.
