Jangseong-gun Offers Up to 50% Property Tax Reduction for Good Landlords

[Jangseong=Asia Economy Honam Reporting Headquarters Reporter Jo Hangyu] On the 11th, Jangseong-gun, Jeollanam-do announced that it will promote property tax reductions for benevolent landlords who voluntarily participated in the rent reduction campaign to support small business owners struggling due to the prolonged COVID-19 pandemic.

The county will reduce up to 50% of the property tax on buildings next month for landlords who reduced rent by more than 10% per month for at least three months before the property tax assessment date of the 1st, or who signed a rent reduction agreement for at least three months including the assessment date.

Eligible applicants must submit a local tax reduction application form, copies of the original lease contract, the amended lease (agreement) contract, financial transaction records, and a certificate confirming the tenant as a small business owner to the Finance Department or the Eup/Myeon Administrative Welfare Center by November.

If applied by the 18th, applicants can receive a tax bill reflecting the reduced amount.

Governor Yoo Doo-seok said, “I hope this property tax reduction decision will be of some help to the benevolent landlords who lowered rents with consideration for each other during these difficult times.”

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