Dongdaemun-gu, Housing Price Announcement and Objection Submission

Individual and Joint Housing Price Targets... As of January 1, 2021... Check at District Office Taxation Division, Community Service Center, and Ministry of Land Website... Viewing and Objection Submission Until May 28

Panoramic View of Dongdaemun-gu

[Asia Economy Reporter Park Jong-il] Dongdaemun-gu (Mayor Yoo Deok-yeol) announced the individual housing prices on the 29th and will conduct public viewing and objection submissions until May 28.

The reference date for the price announcement is January 1, 2021, and the announcement targets houses approved for use by December 31, 2020.

This year, individual housing prices increased by 8.37% compared to the previous year; however, for homeowners with a single house priced at 600 million KRW or less, the property tax burden decreases compared to the previous year due to a reduction in the property tax rate (0.05%p by bracket).

Homeowners and other stakeholders who have objections to the announced individual and collective housing prices can visit the Taxation Division of Dongdaemun-gu Office or the local community service center to submit objection forms, or submit them via mail, fax, or the internet.

Submitted objections will be re-investigated for the appropriateness of the announced prices from May 31 to June 24, followed by verification by the Korea Real Estate Board and deliberation by the Dongdaemun-gu Real Estate Price Announcement Committee to determine the prices. Adjusted individual housing prices will be revised and announced on June 25.

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