PHUKET: The Phuket Provincial Land Office (PPLO) collected 1.1 billion baht in property taxes and fees in 2005.
The tax gathered has soared recently, thanks to booming land prices and sales of homes in property developments. By comparison, PPLO statistics show that the province collected 370 million baht from land and property sales in 2003, and 932 million baht in 2004.
PPLO Chief Suphot Suwannachote told the Gazette that Phuket land prices continue to increase, especially in places that command a sea view in newer development areas such as Pa Khlok and Layan.
He added that 70% of the tax collected came from sales of land and houses in property developments and 30% from sales of land alone.
Join the conversation and have your say on Thailand news published on The Thaiger.
Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.
Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.