Taxes
When living in Spain, you'll need to take the following expenses into consideration.

• urbanizacion and community fees: Controlled by the committee of owners and covering the running and maintenance costs of shared facilities which can include private roads, drains, lighting, private water supplies, gardens, swimming pools etc. Always check these costs when considering a property purchase with shared facilities and responsibilities, they can vary.
• local rates - patrimonia: All non-residents have to pay a wealth tax or 'Patrimonia'. This is based on the value shown on the Escritura Publica or the Valor Catastral, which ever is the highest value. 0.2% is typical.
• property tax:The local town hall charge IBI on owned Property (tax Impuesto sobre Bienes Inmuebles), which is an annual real estate tax. This local tax varies and is based on the Catastral value of the property.