Yeongcheon-si Collects 95% of Property Taxes from High-Value Taxpayers Owing Over 3 Million Won

"Achieved 90% Collection of July Regular Property Tax"

Yeongcheon City Hall panorama.

[Asia Economy Yeongnam Reporting Headquarters Reporter Dongguk Lee] Yeongcheon City, Gyeongbuk Province (Mayor Choi Ki-moon) announced that it collected 8.993 billion KRW out of the 9.934 billion KRW in regular property tax levied in July this year, achieving a collection rate of 90%. This figure represents a 4% increase compared to last year.

To improve the collection rate, tax officers in eup, myeon, and dong directly managed taxpayers with payment amounts between 1 million KRW and 3 million KRW, while the main office managed those exceeding 3 million KRW. They confirmed whether tax bills were delivered and conducted focused promotions by visiting addresses and residences where bills were returned undelivered to hand them over directly.

Property taxes exceeding 3 million KRW accounted for 400 cases and 4.24 billion KRW, representing 43% of the total levied amount. Through the concentrated encouragement of the high-value property taxpayer dedicated center, 371 cases amounting to 4.031 billion KRW were collected, achieving a high collection rate of 93% by case and 95% by amount.

A representative from Yeongcheon City Taxation Division said, "We sincerely thank taxpayers for their voluntary payment of property taxes despite the economic difficulties caused by COVID-19, and we will continue to devise convenient payment measures to improve the collection rate."

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