Property Tax Due by the 30th!... Gwangjin-gu Imposes 88.7 Billion KRW in September Regular Property Tax

Property Tax Rate Reduced for Homes with Official Price Under 900 Million KRW Due to Single Household Single Home Special Case... Payment Due by 30th This Month, Property Tax Consultation Desk Extended

[Asia Economy Reporter Jongil Park] Gwangjin-gu (District Mayor Kim Seongap) imposed 134,000 cases of regular property tax for September 2021, totaling 88.7 billion KRW.

Property tax is a local tax imposed annually on those who own houses, land, etc. as of June 1. In July, half of the housing tax and the building tax are imposed, and in September, the remaining half of the housing tax and the land tax are imposed.

The property tax for September 2021 increased by 9.4 billion KRW, or 11.9%, compared to the previous year due to the rise in housing prices and official land prices.

In particular, from this year, the property tax burden for single-household owners has been reduced by applying a special property tax rate (a 0.05 percentage point reduction) for houses with an official price of 900 million KRW or less owned by single-household owners.

Tax payment notices will be sent from the 9th of this month by mail or electronic notification to the resident registration address or the address requested by the taxpayer.

The payment deadline is until the 30th of this month, and payment can be made through various methods such as ▲financial institution counters ▲ATMs ▲virtual accounts ▲Seoul City ETAX ▲transaction bank websites ▲ARS ▲smartphone apps.

The district office will extend the operation of the property tax consultation desk during the September property tax payment period to ensure convenience for taxpayers. Consultations are available until 7 p.m. on weekdays and from 9 a.m. to 1 p.m. on Saturdays. Inquiries can be made to the Taxation Division 1 of the district office.

Kim Seongap, Mayor of Gwangjin-gu, said, “Property tax is an important resource used for the development of Gwangjin-gu and the welfare of its residents. In particular, I hope that the reduction of the property tax burden for single-household owners and the extended operation of the consultation desk will be of practical help to all residents.”

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