Yeonggwang-gun Imposes 41,905 Cases of Regular Property Tax for September

[Asia Economy Honam Reporting Headquarters Lee Jeonseong] Yeonggwang-gun, Jeollanam-do (Governor Kim Junsung) announced on the 14th that it has imposed and notified a total of about 5 billion KRW in property tax for 41,905 cases for the September regular tax period.

Property tax is a local tax with the nature of a holding tax imposed annually on June 1st, the tax base date, on owners of land and houses regardless of the ownership period.

If the property tax on houses is 200,000 KRW or less, it was already imposed in July, and taxpayers exceeding 200,000 KRW are charged half of the amount each in July and this month.

The land portion of the property tax imposed this time increased by 27.7 million KRW (5.87%) compared to last year, which was analyzed to be due to the rise in individual land official prices.

Payment methods include using bankbooks, cash cards, and credit cards at ATMs of all banks nationwide.

Also, by using the county local tax ARS, virtual accounts, Giro payment, internet WETAX, and local tax revenue account (electronic payment number) payment services, payment can be made without visiting financial institutions directly.

A county official said, “If the payment deadline is missed due to the Chuseok holiday and busy daily life, a 3% surcharge may be imposed, so we hope that payments are made by the deadline on the 30th to avoid disadvantages.”

For more details, inquiries can be made to the county office finance department or the general affairs (finance) officers of each eup and myeon office.

Yeonggwang = Asia Economy Honam Reporting Headquarters Reporter Lee Jeonseong leejs7879@asiae.co.kr

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