Suncheon City, Property Tax Reduction for One Household One House... Applications Open for Exclusion of Additional Houses

Inheritance Houses, Pre-Marriage Owned Houses, Home Daycare Centers, Cultural Heritage Houses, etc.

[Suncheon=Asia Economy Honam Reporting Headquarters Reporter Lee Hyung-kwon] Suncheon City, Jeollanam-do (Mayor Heo Seok) announced on the 30th that it is accepting applications for the exclusion of houses from the calculation of the number of houses for the application of the special property tax rate for one household, one house.

Starting this year, to stabilize housing for low-income earners and alleviate the tax burden due to the realization of official property prices, a special tax rate reduced by 0.05 percentage points from the standard rate is applied to property tax on houses with an official price of 900 million KRW or less owned by one household with one house.

The standard for one household is the family under civil law registered in the resident registration under the Resident Registration Act. Spouses and unmarried minor children under 19 years old are considered the same household even if they have different addresses, and parents aged 65 or older are recognized as an independent household even if living together when supported.

The number of houses is the sum of houses owned by each household member, and even if only a share or accessory land is owned, it is included in the number of houses.

On the other hand, inherited houses (less than 5 years elapsed), houses owned before marriage (less than 5 years elapsed), employee housing (free or low cost), dormitories, unsold houses (less than 5 years elapsed), home daycare centers, houses for debt repayment, cultural heritage houses, and senior welfare houses are excluded from the calculation of the number of houses.

If a taxpayer who owns two or more houses in one household owns houses excluded from the calculation of the number of houses, they must apply for exclusion of the number of houses to the local government where the excluded houses are located to receive the special property tax rate reduction for one household, one house.

Applications can also be made by accessing the Wetax website and applying on the ‘Additional Services/Property Tax Number of Houses Exclusion Application’ screen, and the application deadline is until the end of this year.

A city official said, “Since the exclusion of the number of houses is applied based on the taxpayer’s report for the special property tax rate reduction, please make sure to apply without omission.”

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