Gurye-gun, Individual Official Land Price Objection Applications Accepted

Objections Accepted Until the 29th at County Office General Civil Service Division and Eup/Myeon Civil Service Offices

[Asia Economy Honam Reporting Headquarters Reporter Yuk Miseok] Gurye-gun, Jeollanam-do announced on the 19th that it will accept objections to the individual publicly announced land prices as of January 1, 2020, until the 29th.

To reduce inconvenience for landowners, the county has placed land price determination documents in the civil service offices of towns and townships so that individual publicly announced land prices can be viewed. They also urged active use of online viewing through the county website, etc.

Owners and interested parties who have objections to the individually determined and announced land prices can submit an objection form to the General Civil Affairs Division of the county office or the town/township office by the 29th. The objected parcels will be verified by an appraiser and reviewed by the Real Estate Price Public Announcement Committee, and the results will be individually notified to the applicants by July 27.

The individually determined and announced land prices are used as the basis for determining the tax base for national taxes such as capital gains tax, inheritance tax, gift tax, comprehensive real estate tax, and local taxes such as property tax, acquisition tax, registration tax, and license tax. They are also used as the standard for calculating fees for the use of national and public property and development charges.

Meanwhile, Gurye-gun announced that it determined and announced individual publicly announced land prices for 120,598 parcels as of January 1, 2020, which is a 6.7% increase compared to last year.

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