Gyeongbuk Yeongcheon-si, Individual Official Land Prices Determined and Announced... 8.11% Increase from Previous Year

Gyeongbuk-do Yeongcheon City Hall.

[Asia Economy Yeongnam Reporting Headquarters Reporter Yeo Jong-gu] Yeongcheon City, Gyeongbuk Province, will decide and announce the individual publicly announced land prices for 257,065 parcels of land, calculated as of January 1 this year, on the 29th of this month.

The individual publicly announced land prices decided and announced this time were verified by appraisers, heard opinions from landowners and others, and reviewed by the Real Estate Price Public Announcement Committee, showing an average increase of 8.11% compared to the previous year.

This is analyzed to be due to the rise in standard land prices (8.08%) and the Ministry of Land, Infrastructure and Transport's plan to realize the actual real estate public announcement prices.

To check the announced prices, you can access the Internet Real Estate Public Announcement Price Informer, enter the land location, or view it at the City Hall Cadastral Information Division, Real Estate Management Department, or the Civil Service Office of the Eup, Myeon, Dong Administrative Welfare Centers.

Landowners and interested parties who have objections to the individual publicly announced land prices decided this time can directly fill out and submit the objection application form available at the Eup, Myeon, Dong Administrative Welfare Centers or Yeongcheon City Cadastral Information Division by the 30th of next month.

The received objection applications will undergo re-verification by appraisers and review by the Yeongcheon City Real Estate Price Public Announcement Committee, and the results will be individually notified to the applicants by June 24.

The individual publicly announced land prices are used as the basis for imposing national and local taxes related to land, as well as for imposing various charges such as development charges.

A Yeongcheon City official said, “Since the decided and announced individual publicly announced land prices will not be individually notified to landowners, we ask for active interest in checking the individual publicly announced land prices of owned land through internet browsing and telephone inquiries.”

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