The Valencian Tax Agency has certified a tax saving of 469.8 million euros since 2023, with 293.1 million concentrated in Inheritance and Donations Tax.
The Valencian Community has saved 469.8 million euros in regional taxes since 2023, according to data from the Valencian Tax Agency (ATV) as of June 2026. The majority, 293.1 million, has been concentrated in Inheritance and Donations Tax.
The breakdown, detailed by the Ministry of Economy, Finance and Public Administration in a statement, shows that 275.9 million comes from the inheritance exemption and 17.2 million from donations. In this latter category, the number of transactions has also increased, indicating greater asset mobilization among citizens.
In the Tax on Property Transfers and Documented Legal Acts, the total saving has been 64.7 million euros. The new rates, applied since 2024, have resulted in an average reduction of 1,388 euros per declaration. Young people buying their first home and large families have been the most benefited, according to the Generalitat.
The tax reform of the Consell —driven by the pact between PP and Vox that supports President Juanfran Pérez Llorca— has not been limited to regional taxes. It also includes deductions in personal income tax for low incomes and vulnerable groups. The Generalitat has highlighted that these measures have particularly benefited young people purchasing their first home, as well as people with disabilities, large families, and victims of gender violence.
Councillor José Antonio Rovira defended the necessity of these measures: "It was necessary, and citizens are already seeing the results." He also announced that the Consell is preparing a new reduction in regional personal income tax for the coming years. Since June 2026, an additional 25% exemption in Inheritance Tax for group III (siblings and nephews) has been in effect, along with a reduction in rates for Property Transfers.
"It was necessary, and citizens are already seeing the results," defended Councillor José Antonio Rovira.
The data from the Tax Agency arrives at a time when the Consell seeks to consolidate its fiscal profile as a hallmark of the new government, inheriting the reductions initiated by the previous Executive of Carlos Mazón but expanded with new measures under Pérez Llorca's mandate.
At a national level, the Valencian Community has become one of the laboratories for the downward fiscal shift that the PP advocates in the autonomous regions it governs. With these figures, Valencia is already among the regions with the lowest taxation on Inheritance, behind Madrid but on par with Andalusia or Murcia, in a context of increasing fiscal competition among regions. The Ministry of Finance maintains its oversight on the revenue impact, although so far it has not activated any compensation mechanism.
The opposition from PSPV and Compromís insists that these policies mainly benefit high incomes and detract resources from essential public services. However, the Consell defends that the tax saving is a tangible achievement for thousands of Valencian families.
The immediate projection involves the announced reform of regional personal income tax, which could include new deductions and a reduction in rates for middle brackets. Councillor Rovira has not specified timelines, but sources from the Consell indicate that the draft could reach the Valencian Corts in the last quarter of 2026. Meanwhile, the measures already in effect continue to increase the tax saving bill, an argument that Pérez Llorca's government will exploit in the upcoming budget debate.
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