Gochang-gun Imposes and Notifies Regular Property Tax of 2.73 Billion Won

[Gochang=Asia Economy Honam Reporting Headquarters Reporter Kim Jaegil] Jeonbuk Gochang-gun (Governor Yu Gisang) announced on the 14th that it has imposed and notified 2.73 billion KRW in regular property tax (buildings, houses, aircraft) for 2021.

This year's property tax decreased by 1.7% compared to last year's levy. The main reasons for the decrease are analyzed to be the special tax rate applied from this year for single homeowners and the tax reduction on high-end entertainment building surtax.

Property tax is imposed in July on owners of buildings and houses as of the tax base date (June 1 every year).

However, in the case of houses, if the annual amount exceeds 200,000 KRW, it is imposed in half in this month and the coming September. In September, it will be imposed on non-residential land (such as fields, rice paddies, and forests).

The payment deadline is from the 16th to the 31st of this month, and payment methods include direct payment at all financial institutions nationwide or payment by card or passbook at bank cash dispensers (CD/ATM).

There are also methods using Wetax, virtual accounts, and mobile apps (Smart Wetax).

A county official said, “Property tax is a valuable resource used for the welfare of residents and regional development as a county tax. Taxpayers are urged to pay by the deadline to avoid disadvantages such as additional charges.”

Gochang=Asia Economy Honam Reporting Headquarters Reporter Kim Jaegil gjg7070@asiae.co.kr

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