Reported 11 months ago
The new Property Hoarding Tax 2.0 will be implemented on July 1st this year, adding the requirement of 'completion of household registration' for owner-occupied homes including oneself, spouse, or direct relatives. In Hsinchu City, out of 207,053 homes subject to property tax, 165,555 are owner-occupied, with nearly 30% or around 50,000 homes not yet registered for household registration. Residents are advised to complete their household registration by March 24, 2025, to qualify for the owner-occupied home preferential tax rate of 1.2%. Failure to meet the deadline may result in being charged the non-owner-occupied home tax rate, ranging from 2.6% to 4.8%. The new law aims to encourage the release of vacant properties into the rental market to increase supply, offering more favorable tax rates for rented properties meeting local rental standards.
Source: YAHOO