Daejeon City Imposes 174.8 Billion KRW in Property Tax... 11.2 Billion KRW Increase from Previous Year

[Asia Economy (Daejeon) Reporter Jeong Il-woong] Daejeon City announced on the 13th that it will impose 174.8 billion KRW in regular September property taxes.

The regular property tax includes 151.6 billion KRW in property tax, 4.6 billion KRW in local resource facility tax, and 18.6 billion KRW in local education tax.

This year's property tax amount increased by 11.2 billion KRW (6.9%) compared to last year (163.6 billion KRW). The city analyzes that the main reasons for the property tax increase are the rise in apartment complexes in the Yuseong-gu area and the annual January 1st official announcement of apartment prices (14%), individual house prices (4.3%), and official land prices (5.9%).

By region, Yuseong-gu has the highest amount imposed at 62.9 billion KRW (8.7% increase from the previous year), followed by Seo-gu with 48.6 billion KRW (7.4% increase), Daedeok-gu with 22.0 billion KRW (3.9% increase), Jung-gu with 21.5 billion KRW (5.5% increase), and Dong-gu with 19.8 billion KRW (4.5% increase).

Property tax is imposed on those who own property as of the tax base date, June 1. For housing, if the principal property tax amount is 100,000 KRW or less, it was uniformly imposed in July, and if it exceeds that amount, it is imposed in halves in July and this month. The payment deadline is until the 5th of next month.

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