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Property taxes in Thailand is not the same as back home as they do not have CGT (Capital Gains Tax). There is a different system which is used as explained below. 
What is your property classed as - a villa or a condominium and how does Thai law decide what to define your property as. The answer lays in the Thai statues for a definition. 
If you are considering 
Can a US citizen own land in Thailand is a common question as one tends to think about the