Hongcheon County Operates Inspection and Opinion Submission Period for Individual Officially Assessed Land Prices

Hongcheon County in Gangwon Special Self-Governing Province will operate a period for land price inspection and submission of opinions from September 1 to September 22 for 3,353 parcels of land that underwent changes such as land division, land category change, or merger between January 1 and June 30.

View of Hongcheon County Office.

Individual officially assessed land prices can be viewed by visiting the Land and Housing Division at the county office, or the township and town administrative welfare centers, or by accessing the Real Estate Price Information website. If landowners or interested parties have any opinions regarding the assessed prices, they may submit an opinion form.

For parcels with submitted opinions, a re-investigation will be conducted on the characteristics of each parcel, the appropriateness of the selected comparable standard land, and whether price balance is maintained with neighboring land. Afterward, the prices will be verified by an appraiser and reviewed by the Hongcheon County Real Estate Price Disclosure Committee, with the official announcement scheduled for October 30.

Hongcheon County stated, "Since individual officially assessed land prices are used as the basis for imposing national and local taxes as well as various charges related to land, we will make further efforts to enhance the appropriateness and reliability of price assessments."

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