Sejong-si Begins Accepting Applications for Property Tax Reduction for 'Good Landlords'

[Asia Economy (Sejong) Reporter Jeong Il-woong] Sejong City announced that starting from the 1st, it will accept property tax reduction applications for 'Good Landlords' who have lowered rent for small business owners (tenants).

Good Landlords can receive a reduction rate of up to 50% based on the amount of rent reduced in the first half of this year, which will be applied to the property tax for buildings in July and land in September.

Applications for the reduction can be submitted through the city hall website or the Eup/Myeon/Dong community centers by providing the application form, lease contract, tax invoice, and a certificate verifying the tenant as a small business owner.

Additionally, the city plans to implement tax support measures such as extension of filing and payment deadlines, collection deferral, delinquency disposition deferral, and postponement of tax audits to assist small business owners and self-employed individuals struggling due to COVID-19.

Last year, the city provided local tax support amounting to 4.6 billion KRW across 44,321 cases.

Park Sang-guk, head of the city’s tax administration division, said, “Even those who participate in the Good Landlord program from this month through June can receive property tax reduction benefits equivalent to the past year. We hope landlords actively participate in the ‘Good Rent Reduction Campaign’ to create a happy local community together.”

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