Damyang-gun Imposes and Notifies 2.6 Billion KRW Property Tax for July

[Asia Economy Honam Reporting Headquarters, Reporter Kim Yukbong] Damyang-gun, Jeonnam (Governor Choi Hyung-sik) announced on the 16th that it has imposed and notified 23,045 cases of regular property tax for July this year, amounting to 2.689 billion KRW.

The property tax imposed this time is a local tax on houses and buildings as of the 1st of last month, and the total amount imposed increased by 7.8% compared to last year.

This is mainly attributed to the rise in the standard market price of buildings and the increase in housing prices.

The July property tax targets houses, buildings, ships, and aircraft owned as of the tax base date. In the case of housing property tax, if the amount is 200,000 KRW or less (based on the principal tax), it is fully imposed in July, and if it exceeds 200,000 KRW, it is imposed half in July and half in the upcoming September.

Property tax bills are sent electronically (only to applicants) or by mail.

Payment can be made by inquiring and paying with a bankbook, cash card, or credit card through CD/ATM machines at all financial institutions nationwide without the bill.

Also, for the convenience of taxpayers, if payment is made using the local tax revenue account payment service implemented since last month, local taxes can be paid without transfer fees at 21 financial institutions nationwide (excluding KakaoBank and K Bank).

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