Gimcheon City Individual House Prices Rise 1.15%, To Be Announced on April 30

Gimcheon City, North Gyeongsang Province, held the "2026 Individual House Price Deliberation Meeting as of January 1, 2026" on April 24. The meeting was attended by nine members of the Real Estate Price Disclosure Committee, including Chairperson Hyun-ae Cho (Vice Mayor), four appraisers from Korea Real Estate Board, and relevant public officials.

The individual house prices were investigated and calculated based on January 1, 2026, then verified by the Korea Real Estate Board. From March 18 to April 6, a 20-day period was provided for public inspection of prices and the submission of opinions.

During the deliberation meeting, a thorough review was conducted on the proposed individual house prices, focusing on: ▲ the appropriateness of housing characteristics surveys and the selection of standard comparison houses; ▲ the maintenance of price equilibrium with neighboring areas; ▲ the validity of the price calculation process; and ▲ the adequacy of verification for submitted opinions. As a result, the prices for 25,865 individual houses were approved, reflecting an average increase of 1.15% compared to the previous year.

Meanwhile, those who have objections to the house prices announced on April 30 may submit an objection form to the Taxation Division at City Hall or to their respective Eup, Myeon, or Dong Administrative Welfare Centers by May 29. Objections can also be filed through the "Real Estate Price Disclosure System" website. Submitted objections will be re-verified, and the adjusted prices will be officially announced on June 26.

An official from Gimcheon City stated, "Through this deliberation meeting, we did our utmost to ensure fair and objective house price assessments," adding, "We will continue to actively reflect citizens’ opinions, including objections, to promote reliable local tax administration."

During the Individual Housing Price Deliberation Meeting
Photo by Gimcheon City Hall

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