In short
On a €300,000 resale home in Ibiza Town (Balearic Islands), transfer tax and land registry fees come to €24,201 (8% tax at the general rate). Homes in Ibiza Town were appraised at €5,473/m² in Q2 2026, +2.7% over a year.
Calculate for Ibiza Town
The questions, answered
How much transfer tax on a €300,000 resale home in Ibiza Town?
At the general rate of Balearic Islands (8% up to €400,000, 9% up to €600,000, 10% up to €1,000,000, 12% up to €2,000,000, 13% above €2,000,000: the scale gives an average rate applied to the whole value), €300,000 bought in Ibiza Town pays €24,000 of transfer tax (ITP) and €201 of land registry fees: €24,201 for the buyer, before notary copies and any reduced rate; the base is the higher of price and Catastro reference value.
What is a home worth per square metre in Ibiza Town?
Approved valuers appraised open-market homes in Ibiza Town at €5,473/m² in Q2 2026 (121 valuations), +2.7% over a year; the figure is €2,355/m² for Spain.
Are home prices rising in Ibiza Town?
Yes: appraised values in Ibiza Town changed by +2.7% over a year. For Balearic Islands as a whole the INE index moved +13.7% (Spain: 12.2%).
Reading the numbers for Ibiza Town
By appraised value, Ibiza Town is one of the three dearest of the 55 cities Payotte covers (3rd). At €5,473/m² it sits more than twice the Spanish average of €2,355/m².
Within Balearic Islands it ranks 3rd of 5 covered cities, 37% above the regional average of €3,981/m².
The appraised value is up €145/m² from €5,328 a year earlier (+2.7%), 9.8 points slower than the national rise (+12.5%) and 10.4 points slower than Balearic Islands as a whole (+13.1%). On a 90 m² home at the average, the year's move is worth about €13,041.
Taken at the average appraised value, €300,000 buys roughly 50 m² in Ibiza Town, against 125 m² at the Spanish average. A 90 m² home at that value would be about €493,000; the buyer's taxes and registry fees on a resale come to €40,630 (8.2%). Arithmetic on an average, not a valuation.
The Ibiza Town figure rests on only 121 valuations, a thin sample that a few large operations can move, or 2.2 valuations per 1,000 inhabitants. With 55,337 inhabitants it is the 41st most populated of the 55 cities covered.
On that ladder the next city up is Calvià at €5,502/m² (€29 more), and the next one down is Madrid at €5,418/m² (€55 less). The dearest covered city, Santa Eulària des Riu, is at €6,844/m², €1,371 above Ibiza Town; the cheapest, Cartagena, at €1,486/m², €3,988 below. A year earlier it ranked 2nd, so it has slipped one place.
| Size | Price at that value | Buyer taxes, resale | Buyer taxes, new build |
|---|---|---|---|
| 50 m² | €274,000 | €22,114 (8%) | €31,704 |
| 70 m² | €383,000 | €30,864 (8%) | €44,269 |
| 90 m² | €493,000 | €40,630 (8.2%) | €56,948 |
| 120 m² | €657,000 | €56,006 (8.5%) | €75,848 |
The figures
| Measure | Value | Source |
|---|---|---|
| Transfer tax (ITP) on €300,000 | €24,000 | Decreto Legislativo 1/2014, art. 10.a) |
| Land registry on €300,000 | €201 | Real Decreto 1427/1989 |
| Notary's deed fee on €300,000 (seller by default) | €388 | Real Decreto 1426/1989 |
| Appraised value, Q2 2026 | €5,473/m² | Ministry, 121 valuations |
| Appraised value, Q2 2025 | €5,328/m² | Ministry |
| Balearic Islands, appraised value, Q2 2026 | €3,981/m² | Ministry (+13.1% a year) |
| Balearic Islands, INE house price index, change over a year | +13.7% | INE, Q2 2026 |
| Population, 1 January 2025 | 55,337 | INE, Padrón |
Valuers' averages, not sale prices; changes computed by Payotte.
Buying from abroad
What differs for a foreign buyer: Buying as a foreigner · non-resident tax calculator · purchase costs in every region.
Closest in appraised value
Sources
- Taxes: Decreto Legislativo 1/2014, texto refundido tributos cedidos de las Illes Balears; calculator sources.
- Appraised values: Estadística de valor tasado de la vivienda (tables 1 and 4; Elaboración propia con datos del Ministerio; reuse under Real Decreto 1495/2011, arts. 7 and 8; published 2026-09-15).
- House price index: INE, Índice de Precios de Vivienda, Q2 2026 (Fuente: Sitio web del INE: www.ine.es; published 2026-09-07).
- Population: INE, Padrón.