Chuncheon City Grants Property Tax Reduction to 638 Building Owners Lowering Rent for Small Business Owners

Building owners who reduce rent for 3 months or more or agree to rent reduction
Property tax up to 500,000 KRW for buildings

Chuncheon City Hall

[Asia Economy Reporter La Young-cheol] Chuncheon City has reduced the property tax for 638 building owners who lowered rent for small business owners facing economic difficulties due to COVID-19.

According to the city on the 14th, this year's reduction targets building owners who have lowered or agreed to lower rent for small business owners for more than three months from January to December, and the tax item reduced is the property tax on buildings.

However, the amount equivalent to the reduced rent is deducted from the property tax, but it does not exceed 500,000 KRW.

The application period is until June 30, and building owners as of the property tax assessment date (June 1, 2022) can apply by visiting or mailing with the relevant documents.

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