Gwangju City Imposes 160.7 Billion KRW in Regular July Property Taxes

For Houses, Buildings, Ships, and Aircraft... Payment Period: July 16-31

Gwangju City Hall exterior view.

On July 15, Gwangju City announced that it has imposed regular July property taxes on 705,967 cases, totaling 160.7 billion KRW, for houses, buildings, and other properties.

The amount of tax imposed by district is as follows: Dong-gu 14 billion KRW, Seo-gu 38 billion KRW, Nam-gu 20.9 billion KRW, Buk-gu 38.7 billion KRW, and Gwangsan-gu 49.1 billion KRW. Compared to last year, the number of cases increased by 15,983 (2.32%), and the total amount increased by 3.1 billion KRW (2.02%).

The city cited several factors for the increase in property tax: a 1.58% rise in individual housing prices, an increase in the number of newly taxable properties due to new apartment construction, and an increase in the construction and standard price of buildings.

The property tax applies to houses, buildings, ships, and aircraft, and the payment period is from July 16 to July 31. For residential properties, if the base property tax exceeds 200,000 KRW, it is divided into two equal installments, with half imposed in July and the other half in September.

There are various payment methods available, including direct payment at financial institutions nationwide, electronic payment, bank transfer, and credit card. Taxpayers can also conveniently pay via the 'Smart Wetax' app or by calling ARS (142211) on their smartphones.

Kim Daejeong, head of the Taxation Division, stated, "Property tax is an important source of funding for regional development and welfare," and urged residents to make payments within the deadline.

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