Overview

• Regional treasury data show Patrimonio revenue will drop 31%, falling from €196.6 million to €135.9 million annually under the new exemption.
• Exempting those with net wealth between €500,000 and €1 million will remove roughly 13,307 taxpayers—about 0.5% of residents—from the tax rolls.
• Remaining wealth taxpayers will see their average annual payment decline by €3,496, from €12,932.90 to €9,436.75.
• The PSPV labels the measure a fiscal gift to the wealthy and cautions that a €61 million yearly loss could total €242 million over the legislature and trigger social spending cuts.
• The exemption boost was introduced by a PP-Vox budget amendment and will apply in the 2026 tax year.