New Taipei City Announces 1% Property Tax Benefit for Single-Home Owners with Value Cap

New Taipei City is reminding its residents about a preferential property tax rate designed to ease the burden on single-home owners. For the 2027 tax year, eligible homeowners who own only one self-occupied property nationwide can benefit from a reduced tax rate of 1%.

This initiative aims to alleviate tax pressures for individuals and families who own a single residence. In New Taipei City alone, an estimated 590,000 households are expected to qualify for this preferential rate. The criteria include that the property must not be rented out or used for business purposes, and it must be occupied by the owner, their spouse, or their lineal relatives, with proper household registration completed.

A crucial condition for the 1% rate is that the property's current value must not exceed NT$2,322,200. For those whose self-occupied homes exceed this valuation, a slightly higher rate of 1.2% for owner-occupied properties still offers significant savings compared to the non-owner-occupied rate, which can be as high as 3.2%.

To avail of these tax benefits, residents must ensure their household registration is correctly updated and formally declare the property as their primary residence. The deadline for application for the 2027 tax year is March 22, 2027. Failure to meet these requirements or apply by the deadline could result in the property being taxed at the higher non-owner-occupied rate, potentially tripling the tax burden. The city urges eligible residents to review their circumstances and submit applications promptly to avoid increased property taxes.