The discount reaches up to 20% for properties with a taxable value of up to €500,000. For properties with a taxable value exceeding €500,000, the discount rate goes up to 10%. The discount varies according to the months covered. So, for homes that are insured for:
- 12 months: 20% discount
- 9 months: 15% discount
- 3 months: 5% discount
- less than 3 months: no discount
Keep in mind that this discount:
- is calculated on the total amount of the main and supplementary tax
- only applies to the insured house and not to your entire property value