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Additionally, members of the Democratic Party, including Lee Nak-yeon, are performing a national rite at the 18th Assembly of the On-Tact Congress held at the National Assembly in Yeouido, Seoul, on the morning of the 27th (Photo = Reporter Changwon Yoon).
As the government’s roadmap for ‘making public announcements’ has been publicly debated, the Democratic Party’s concerns deepen to minimize resistance to property taxes, such as property tax increases.
In particular, disagreements within the party are not well coordinated over how much the property tax cut standard should be, and they are in pain, such as fighting with the government.
The current property tax rate is 0.1% for less than 60 million won, 0.15% for 60 million to 150 million won, 0.25% for 150 million to 300 million won, and 0.4% for more than 300 million won.
As the publicly announced land, which is currently 65.5% of the land, 53.6% of single-family homes and 69.0% of apartments, etc., is expected to raise the completion rate to 90 %, property tax increases are also expected to be unavoidable.
The problem is that people who stipulate that long-term real estate must be protected, homeowners and other real estate speculations are also increasing the burden of property tax.
Therefore, the Party, the Government and the Office are considering lowering the property tax rate for real estate owners below a certain threshold.
The rate of cut was set at 0.05% p, but there is rarely a consensus on whether to apply the cut to the original weight of 600 million won or 900 million won, which is the same as the tax standard.
(Photo = Reporter Park Jong-min / Photo material)
If the haircut standard is set at 900 million won, it is expected that even in areas with expensive apartments like Gangnam, some homeowners will benefit from the tax cuts and more targets to enjoy the haircut effect.
For this reason, some members of the Democratic Party insisted that the cutoff standard should be set at 900 million won when considering the rise in apartment prices in Seoul.
Also, as the April by-elections next year will be held in Seoul, where high-priced housing is concentrated, there are also voices that the government should consider 900 million won.
Such a claim was also reportedly raised in a closed meeting of the supreme committee urgently called by the leader of the Democratic Party, Nak-yeon Lee, on the morning of the 29th.
Some lawmakers, including Representative Kim Jin-pyo, argue that the capital gains tax, a transaction tax, should be taken a step further.
However, the insistence within the party that the cut-off standard should be set at 600 million won is also said to be difficult.
The logic is that homeowners with a value of 600 million to 900 million won are not ordinary people with medium to low-priced homes that the government stipulates to protect, and that there is an equity problem with provinces where the number of homes in the corresponding price range is significantly different.
In particular, for homeowners with more than 900 million won, they have to bear the burden of not only increasing the property tax, but also the comprehensive property tax.
(Photo = Reporter Changwon Yoon / Material photo)
In addition, the Blue House and the government agree to KRW 600 million, and the opposition of the heads of local governments in Seoul, who will reduce local taxes immediately due to this property tax cut, is also striking.
As a result, there are even claims to establish a new section that applies a separate cut rate of only 600 million to 900 million won, but the intent is rarely collected.
In a call with CBS Nocut News, an official from the Democratic Party’s policy committee, “The Blue House, the Ministry of Strategy and Finance, and the heads of basic local governments, as well as some party members, had objections about the expansion of 900 million won, saying, ‘Is it 900 million won medium-low? There are various opinions on the reduction rate, but it is not known what kind of conclusions will be drawn.
This official said: “The management continues to discuss to make a decision as quickly as possible,” he added, adding: “It is very likely that the announcement will not be made public this week.
