Building And Land Tax

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Are these the only one with this info or can anyone confitm:

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website: bangkoklawonline.com

Both the current Building and Land Tax and Local Maintenance Tax will be replaced by a new Building and Land Tax that will be issued before the end of 2010 at the latest.

Under the new property tax law every owner of land and/ or any permanent structure built upon the land must pay building and land tax (owner-occupied residences are under the new property tax law not exempt). For every building this property tax must be paid. The new building and land tax will be based on the appraised value and use of the property. Appraised value is set by the Treasury Department and adjusted every 4 years, with next valuation in 2011. Under the new building and land tax there are 3 tax with maximum rates:

1. If the property is used for commercial purposes the tax rate shall not exceed 0,5 % of the appraised value of the land and building.

2. If the property is used for a private residence by he owner the tax rate shall not exceed 0,1 % of the appraised value of the property.

3. A tax of 0.05% of the appraised value shall be charged if the land is used for agricultural purposes.

The above rates are the maximum tax rates that can be charged by the local authorities, therefor locally these property taxes could be less.

Article Building and Land Tax