It was built on the occasion of the 50th anniversary of the reign of Emperor Franz Josef I in the years 1898 to 1899 at a cost of 140,000 crowns according to the plans of the Viennese architect and city architect Paul Prang in the style of historicism. Already on October 7, 1899, the "Magistrat" held its first meeting in the "New Town Hall". The two figures next to the balcony - a farmer with a sickle and a sheaf, a farmer's wife with a spinach and a hive - symbolize the original, purely rural structure of this city. At the top of the roof is the coat of arms of Laa an der Thaya. In the town hall, the town hall with the council chambers, the Erste Bank Laa, the registry office and the surveying office are housed.