TAXBackground
Treasury narrows land appraisal price gap to market value
The Treasury Department will adjust its official land appraisal prices to be 20-25% below market value, narrowing the current 30-40% gap. The new appraisal rates take effect from January 1, 2027, through December 31, 2030, and will increase annual land and building tax as well as transfer fees for landowners.
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