Property buying guide for Thailand
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Property management in Thailand in 2024

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Property tax in Thailand

The annual property tax is the same for citizens of the Kingdom of Thailand and foreigners. The rates vary depending on the type of property and its use.

Property tax does not apply if the owner is registered on their property and the value of that property does not exceed the threshold of 50,000,000 Thai baht (1,450,000 US dollars) for villas and 10,000,000 Thai baht (293,000 US dollars) for apartments.

If the owner is not registered on their property, then the tax is calculated from the cadastral value at the following rates:

Villa:

Cadastral value

Tax rate

Up to $730,000

0.03%

$730,000–1,450,000

0.05%

Over $1,450,000

0.1%

Apartment:

Cadastral value

Tax rate

Up to $1,170,000

0.02%

$1,170,000–1,900,000

0.03%

$1,900,000–2,600,000

0.05%

Over $2,600,000

0.1%

Second residential property in ownership:

Cadastral value

Tax rate

Up to $1,450,000

0.02%

$1,450,000–2,200,000

0.03%

$2,200,000–2,900,000

0.05%

Over $2,900,000

0.1%

Thailand property for sale 5,481 listings on Tranio
New residential complex of premium villas, Thep Kasattri, Thalang, Phuket, Thailand for From $1,143,000 From $1,143,000
New residential complex of premium villas, Thep Kasattri, Thalang, Phuket, Thailand

Completion in: 2025.I 45 units in total

Two storey villa with large swimming pool, terrace and garden, close to golf clubs and beach, Pasak, Phuket, Thailand for $789,000 $789,000
Two storey villa with large swimming pool, terrace and garden, close to golf clubs and beach, Pasak, Phuket, Thailand

Total area 488 m² 4 bedrooms

Three storey premium villa with swimming pool, close to golf clubs, beach and international schools, Pasak, Phuket, Thailand for $683,000 $683,000
Three storey premium villa with swimming pool, close to golf clubs, beach and international schools, Pasak, Phuket, Thailand

Total area 228 m² 3 bedrooms

New luxury residential complex with excellent infrastructure within walking distance from Bang Tao beach, Phuket, Thailand for From $147,000 From $147,000
New luxury residential complex with excellent infrastructure within walking distance from Bang Tao beach, Phuket, Thailand

Completion in: 2026.I Total of 789 apartments

Modern villas with swimming pools and lounge areas, Phuket, Thailand for From $722,000 From $722,000
Modern villas with swimming pools and lounge areas, Phuket, Thailand

54 units in total

New residential complex of magnificent villas with swimming pools in Thalang, Phuket, Thailand for From $1,105,000 From $1,105,000
New residential complex of magnificent villas with swimming pools in Thalang, Phuket, Thailand

Built in 2023 51 units in total

New exclusive residential complex within walking distance from Bang Tao beach, Phuket, Thailand for From $181,000 From $181,000
New exclusive residential complex within walking distance from Bang Tao beach, Phuket, Thailand

Completion in: 2025.I Total of 400 apartments

Large resort condominium for investment on the beachfront of Naithon Beach, Phuket, Thailand for From $173,000 From $173,000
Large resort condominium for investment on the beachfront of Naithon Beach, Phuket, Thailand

Built in 2023 Total of 251 apartments

Rental income tax

Property owners pay tax on rental income, minus the management company’s commission and all expenses. The rate is 5% for tax residents of the Kingdom of Thailand and 15% for non-residents.

For more information on Thai property taxes read our article «Property taxes in Thailand».

Thailand utility bills

Electricity and water tariffs depend on municipal coefficients and consumption: the lower the consumption, the lower the tariff. For example, the water bill in Phuket in 2023 with a monthly water consumption of 10 cubic metres will be 102 Thai baht (3 US dollars), while the electricity bill with a consumption of 150 kilowatts will be 714 Thai baht (21 US dollars). Current tariffs and calculators can be found on the English versions of resource supplying organisations’ websites: Provincial Electricity Authority and Provincial Water Authority.

Most permanent residents of resort regions use gas stoves, but since there is no central gas supply, the use of replaceable liquefied gas cylinders is widespread. Replacing a 15-litre cylinder costs an average of 400–600 Thai baht (11–18 US dollars), such a cylinder usually lasts 3–6 months.

According to Numbeo’s users, apartment owners in Thailand pay between 30 and 170 US dollars per month for electricity, water, and gas, depending on the region and consumption.

City

Average electricity, water, and gas costs

Bangkok

$60–170

Krabi

$30–50

Pattaya

$50–130

Phuket

$45–140

Rayong

$45–145

Koh Samui

$30–100

Hua Hin

$40–70

Chonburi

$40–90

Villa owners pay extra for gardening and pool maintenance. The approximate prices for these services are as follows:

Service type

Cost per month

Garden care

$25–100 (depending on the season and garden size)

Pool care

$120 (8 times a month)

Pool maintaining
thailand_becausewecan / Shutterstock

Once a year, owners of apartments in resort complexes with common areas and infrastructure pay maintenance fees to the management company. The maintenance fee includes security and garbage collection services, as well as maintenance of parking, communal pool, air conditioners, parks, and playgrounds. The fee depends on the class, service, and infrastructure of the complex and is charged at a rate of 0.9–3 US dollars per month for 1 sq. metre of property. The annual maintenance fee for an apartment of 30–50 sq. metres in a resort complex in Phuket will be 600–1,100 US dollars.

However, the maintenance fee can also be borne by the management company; it depends on the management contract and the rental income distribution agreement between the owner and the management company.

Internet and TV

A wired internet subscription in Thailand costs 400–1,300 Thai baht (12–38 US dollars) per month depending on connection speed and TV package availability. The most popular ISPs in Thailand are: TOT, CAT, True, 3BB (all have English versions of their websites). The cost of connection is 150 US dollars on average.

How to pay utility bills?

If you live in Thailand, the easiest way to pay your utility bills is to go to the cashier of any 7-Eleven store; you can find these stores on almost every street. Payments can also be made from the mobile banking app if you have a bank account in Thailand. In resort complexes with centralised management, the management company pays all bills and generates quarterly or annual expense reports for owners of apartments and villas in the complex.

Thus, the maintenance of an apartment in a resort complex in Thailand costs an average of 1,950 US dollars per year. This includes maintenance fees (approx. 1,200 US dollars), utility bills (approx. 400 US dollars), and Internet and TV subscriptions (approx. 350 US dollars).

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    Property buying guide for Thailand
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