Whoever owns the property on 1 January is liable for that year, and the local authority sends the bill. For residential property that is not the owner's main home, the rates are:
| Appraised value | Rate |
|---|---|
| Up to THB 50 million | 0.02% |
| THB 50 million to 75 million | 0.03% |
| THB 75 million to 100 million | 0.05% |
| Above THB 100 million | 0.1% |
A condominium appraised at THB 20 million therefore costs THB 4,000 a year.
A main home is partly exempt if the owner is named in the tabien baan on 1 January: the first THB 50 million where the owner holds both land and building, or THB 10 million where only the building is owned. Property in commercial use, which can include units let by the night, falls under a higher scale starting at 0.3%.
On leasehold property the landowner is liable, but leases usually pass the cost to the tenant. See property taxes and buying costs.
