# Brazil municipal property transfer tax reduction > Live situation record from CLSTR: https://clstr.news/situations/brazil-municipal-property-transfer-tax-reduction > Updated: 2026-07-29T17:08:39.000Z. Sources: 6. Developments: 2. In late July 2026, two Brazilian cities announced measures to lower the Real Estate Transfer Tax (ITBI) on property transactions. On 23 July, the municipality of Balneário Camboriú in Santa Catarina proposed halving the tax rate from 2 % to 1 % for transfers incorporated into company capital and extended the registration deadline, aiming to spur property integrations and increase overall revenue despite the lower rate. A few days later, on 29 July, the municipal government of Belém introduced a temporary 50 % discount on its standard 3 % ITBI, reducing the rate to 1.5 % and waiving interest and fines for unregistered transfers. The discount is available until 31 July 2026, with officials urging residents to apply promptly. Both initiatives reflect a broader trend of Brazilian municipalities using tax incentives to stimulate real‑estate activity and boost fiscal stability. ## Timeline ### 2026-07-29: Belém ITBI Discount Ends July 31, 2026, Cutting Property Transfer Tax by Half Belém’s finance office offers a 50% ITBI discount, lowering the rate from 3% to 1.5% for unregistered property transfers, with the deadline July 31 2026, per law 10.308/2026. 2 sources. https://clstr.news/cluster/belm-itbi-discount-ends-july-31-2026-cutting-property-transfer-tax-by-half ### 2026-07-23: Balneário Camboriú cuts property transfer tax to attract investment Balneário Camboriú will halve its ITBI rate from 2% to 1%, forfeiting about R$2.3 million a year, hoping the cut and longer registration period will attract more corporate property integrations. 4 sources. https://clstr.news/cluster/balnerio-cambori-cuts-property-transfer-tax-to-attract-investment --- Cite as: Brazil municipal property transfer tax reduction. CLSTR, https://clstr.news/situations/brazil-municipal-property-transfer-tax-reduction