Sejong City Imposes Property Tax of 51.2 Billion KRW on 160,000 Cases

[Asia Economy (Sejong) Reporter Jeong Il-woong] Sejong City announced on the 14th that it will impose and notify 51.2 billion KRW in regular property tax for 160,000 cases in July this year.

The property tax imposed by the city this month increased by 13% compared to last year (July amount: 45.3 billion KRW), including local resource facility tax and local education tax.

The taxable subjects include buildings such as houses, offices, commercial buildings, and facilities other than houses, and taxpayers are owners of houses and buildings as of the 1st of last month.

For the housing portion, the city divides the property tax amount equally between the house and the attached land, imposing it in two installments in July and September. However, houses with a principal property tax amount of 200,000 KRW or less will be fully imposed this month.

The deadline for property tax payment is until the 31st of this month, and taxpayers can pay the property tax by visiting financial institutions, using dedicated virtual accounts for payment, Internet Wetax, or mobile simple payment apps.

A city official said, “If taxpayers who have difficulty paying local taxes due to COVID-19 damage apply for collection deferral, the city will actively consider it,” and added, “Other taxpayers should be aware that if they fail to pay the property tax by the deadline, they will have to bear additional charges, so we urge them to strictly observe the payment deadline.”

This content was produced with the assistance of AI translation services.