The second property tax policy is no longer a distant proposal. As the Ministry of Finance presents the draft to the National Assembly, millions of homeowners with two or more properties are caught in a spiral of concern: “Will I be taxed?”, “How much will it be?”, “What if my property is misvalued?” In a volatile market, transparent valuation is the key to proper tax declaration and avoiding unnecessary losses.
Second property tax: A policy wave approaching
According to the latest draft from the Ministry of Finance, a property tax on second homes and beyond could be submitted to the National Assembly in 2025 and take effect in 2026. The proposed rate ranges from 0.3 to 1% of total property value, based on market prices.
Key point: Even if you don’t rent, occupy or use the property, simply owning two or more legal properties places you within the taxable category.
In developed countries like Singapore and South Korea, second property taxes are used to curb speculation. However, in Vietnam - where many accumulate assets over a lifetime - this policy may impose a financial burden without proper preparation.
How much is the second property tax? Example calculation
The government is still collecting public feedback, but the tax formula is expected to be based on:
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Number of legally owned properties
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Actual market value of each property
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Type of asset (residential land, housing, condotel, land plots...)
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Geographic location and local transaction prices
Example: You own two apartments, each valued at VND 3 billion. A 0.5% tax rate means VND 15 million/year/property. Misstating property value could lead to tax reassessment, penalties and impact your credit score.
Thus, establishing accurate value through independent appraisal is essential.
Property owners’ concerns: What are they worried about?
According to a VnEconomy (2024) survey:
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72% of people with 2+ properties don’t know their estimated tax amount
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65% worry about being overvalued
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49% don’t know how to file taxes
Common concerns include:
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“I live in one house, my child stays in the other for university - will I be taxed?”
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“I rent a house without a business license - am I at risk of retroactive tax?”
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“If my house is misvalued, how can I appeal?”
Solution: Obtain an independent, legally certified appraisal report from a government-licensed valuation firm.
Hoang Quan Appraisal – Trusted experts in second property appraisal
With a nationwide network and over 100 certified appraisers, Hoang Quan Appraisal is among the few firms licensed and recognized by the Ministry of Finance.
We go beyond numbers - we provide legally recognized appraisal evidence, using international valuation methods: direct comparison, deduction and income approaches, suitable for submission to tax authorities, banks, and courts.
In the first half of 2025, Hoang Quan Appraisal assisted over 2,000 clients with second-home valuations. 97% of reports were accepted by tax authorities on first submission, saving an average of 10 - 25% in taxes by declaring true market value.
Benefits of second property appraisal services:
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Accurate declaration - reduced tax
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Avoid risk of reassessment or penalties
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Supports loan, transfer, and inheritance documents
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Free tax obligation and asset status consultation
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Saves time dealing with tax authorities
Confidentiality guaranteed: Reports are only provided to legal property owners.
Don’t wait for the law to take effect - act now:
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Review all properties you currently own
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Contact Hoang Quan Appraisal to determine market value
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Store legally sealed reports for future use
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Monitor tax policy updates from government agencies
Just one certified appraisal report can save you tens of millions of VND annually and protect your legal ownership rights!
Do you own two or more properties? Book a free appraisal now:
Hoang Quan Appraisal Co., Ltd.
Address: Hoang Quan Appraisal System
Phone: 0934.252.707
Email: contact@sunvalue.vn
Facebook: Hoang Quan Appraisal
Website: hqa.com.vn
Conclusion
The taxation policy on second properties is an irreversible trend. Amid complex figures, tax brackets and legal regulations, proactively obtaining an accurate property valuation is the only way to protect yourself from financial loss. Don’t let delays turn your asset into a burden.
⋙ Contact Hoang Quan Valuation today for legal-compliant consultations and accurate property valuation, so you can declare taxes transparently and confidently - before the policy officially takes effect.
