Naju-si Imposes and Notifies Regular Property Tax of 15.735 Billion Won

[Naju=Asia Economy Honam Reporting Headquarters Reporter Kim Yukbong] Naju City, Jeollanam-do (Mayor Kang In-gyu) announced on the 26th that it imposed a total of 64,526 cases of regular property tax for July 2021, amounting to 15.735 billion KRW.

Property tax is imposed annually on June 1st on owners of houses, buildings, ships, and aircraft, and the payment period is until the 2nd of next month.

The property tax on houses is imposed in two halves, this month and in September, but if the property tax amount is 200,000 KRW or less, the full amount is imposed this month.

Starting this year, the property tax rate for homeowners with one house per household with a publicly announced house price of 900 million KRW or less has been reduced from a maximum of 50% to a minimum of 17.6%, easing the tax burden on actual single-home users.

Payment methods include visiting any financial institution nationwide or using deposit/withdrawal machines (CD/ATM) to pay with a bankbook or credit card without a bill.

Also, using Witax, Internet Giro, virtual accounts, ARS, or the Smart Bill app allows convenient payment without visiting a financial institution.

A city official said, "Property tax is a representative local tax item used for regional development and policy implementation," and added, "If payment is not made within the deadline, a 3% surcharge will be imposed, and if overdue, property seizure and other disadvantages may occur, so please pay within the designated period."

Naju=Asia Economy Honam Reporting Headquarters Reporter Kim Yukbong bong2910@asiae.co.kr

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