Gochang-gun Imposes and Notifies Regular Property Tax of 3.88 Billion KRW

[Gochang=Asia Economy Honam Reporting Headquarters, Reporter Kim Jaegil] Jeonbuk Gochang-gun (Governor Yoo Gisang) announced on the 13th that it has imposed and notified 51,736 cases of regular property tax for September 2021, amounting to 3.88 billion KRW.

Property tax is imposed annually on owners of houses, buildings, and land as of the tax base date of June 1, and the payment period is from the 16th to the 30th of this month.

The amount of property tax imposed in September by the county increased by 4% compared to the previous year. This is mainly analyzed to be due to the rise in individually announced land prices (10.73%).

Payment methods include internet, virtual account transfer, and automatic transfer, allowing convenient payment from home or workplace without visiting financial institutions.

Also, even without a tax notice, payment is possible at bank CD/ATM using domestic credit cards (bankbooks).

A county official said, “Property tax is a valuable local revenue used for the welfare of residents and regional development as a county tax. If payment is made after the deadline, a 3% surcharge will be imposed, so please make sure to pay within the deadline.”

For more details, contact the Taxation Team of the Finance Department at the county office or the general affairs officer at each eup/myeon office.

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

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