Seongnam City Begins Land Characteristics Survey for Officially Assessed Individual Land Values

As of July 1, 2025
Survey of Approximately 400 Parcels
Official Announcement Scheduled for October 30

Seongnam City in Gyeonggi Province (Mayor Shin Sangjin) announced on June 27 that it has begun a land characteristics survey as of July 1, 2025, to determine the officially assessed individual land values. This survey targets approximately 400 parcels of land that have undergone changes such as subdivision, consolidation, or change of land category between January 1 and June 30 of this year.

Seongnam City Hall view. Provided by Seongnam City

The survey items include major land characteristics such as land use status, topography, and road conditions, as well as various official records including the land (forest) register, permit and approval status, and land use plan confirmation documents. In addition, the land value will be calculated by reflecting the rate of change in land prices by use district as of the reference date, July 1.

The land characteristics survey began on June 25 and will continue until July 25, with on-site inspections also being conducted to ensure more accurate assessments.

The officially assessed individual land values will undergo verification by certified appraisers, and after collecting opinions from landowners and review by the Real Estate Price Disclosure Committee, the final values are scheduled to be officially announced on October 30.

A Seongnam City official stated, "The officially assessed individual land values serve as important data for the imposition of national and local taxes and various charges related to land. Therefore, we will do our utmost to ensure fair and accurate surveys, listen to landowners' opinions, and have certified appraisers conduct thorough verifications to determine appropriate official land values."

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