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Land appraisals under scrutiny

Plan to raise median price for tax boost

  • Published: | Viewed: 3,463 | Comments: 3
  • Newspaper section: Business
  • Writer: Wichit Chantanusornsiri & Kanana Katharangsiporn
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The Treasury Department may raise the median price of land used in evaluating the local maintenance tax with the aim of boosting local administrations' coffers. 

Tower cranes work at a building construction site on Sukhumvit Road in Bangkok, one of the most expensive land sites in the country. The government plans to adjust its land appraisal method to increase land prices. PATIPAT JANTHONG

However, the Bangkok Metropolitan Administration (BMA) is still concerned such an increase will burden people subject to local maintenance tax payments, said Naris Chaiyasoot, director-general of the Treasury Department.

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