Quote:
Originally Posted by Hal Roach
This link says residential property taxes are 1.2-2% of assessed value, in ROC. https://www.globalpropertyguide.com/...axes-and-Costs. Assed values can often be somewhat lower, but I would be surprised to see a million dollar condo assessed at one tenth of fair market, especially with a recent sale on the books. |
Don't take my word for it. Ask anyone else who owns property in Taiwan what their property tax rates are.
Capital gains and VAT on property were also very low by Western standards until about 2013 when the government began using actual sales prices to determine assessed values in an attempt to tamp down property prices. There's also a different assessment rate depending on whether it's your first versus second or third etc. residential property but I'm not up on the details of that.
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