Understanding property taxes in Thailand is crucial for making informed real estate investments. Key taxes include the Land and Building Tax, Transfer Fee, Specific Business Tax (SBT), Stamp Duty, and Withholding Tax (WHT), each affecting the cost of property ownership and sales. For example, the Land and Building Tax is an annual fee based on property value, while the Transfer Fee is typically split between buyer and seller. Additional considerations apply to foreign investors, such as ownership quotas and tax on rental income. Professional advice and planning are recommended to navigate these taxes smoothly.