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Confirmation and announcement of the government’s ‘Public Prices Realization Plan’
Property tax reduction or exemption for homeowners with a public price of 600 million or less
50% property tax for low-cost houses under 100 million won ↓
Hankyoreh material photo
By 2030 for apartments with less than 900 million won and by 2025 for apartments with more than 1.5 billion won, the quoted rate will increase to 90%. A homeowner with an official price of 600 million won or less will be exempt from property tax by 0.05% for the next three years. On the 3rd, the Ministry of Lands, Infrastructure and Transportation and the Ministry of Public Administration and Security announced a plan to specify the official price and a plan to ease the burden of the property tax. The published price realization target applied to three types of real estate, such as apartment houses, single-family homes and land, is 90%. On the 27th, the Institute of Lands, Infrastructures and Transportation, which was in charge of the research service, proposed three goal measures of 80%, 90% and 100% for the update rate, and it seems that the most neutral was adopted . The Ministry of Lands, Infrastructure and Transportation said that “90% reflects the market price as much as possible in accordance with the purpose of the law to disclose the appropriate price, but takes into account the errors that may occur in the process of investigation and calculation of the published price “. When the realization is completed, the realization rate of the published irregular prices will be the same for each type, with 65.5% of land, 53.6% of single-family homes and 69.0% of single-family homes. The required period was 8 years for land, 7 to 15 years for single-family homes, and 5 to 10 years for multi-family homes, which were set up slightly differently depending on the type of property and the price range. In the case of apartment houses, the completion rate of less than 900 million won in 2030, more than 900 million to less than 1.5 billion won in 2027, and more than 1.5 billion won in 2025. Houses with a large variation in the completion rate within the group have an “ equilibrium period ” of less than 1 percentage point per year until 2023, while those with a small variation in the within-group and a rate of Already high realization of KRW 900 million and more than KRW 1.5 billion will be 3 from next year. This is because the percentage point improvement rate is applied. Single-family homes will also reach less than 900 million won in 2035, but high-priced single-family homes with more than 1.5 billion won will be achieved by 2027. However, the Ministry of Land, Transportation and Maritime Affairs has set the upper limit. of the annual increase rate by 6% points, taking into account the fact that if the average completion rate is applied, the itemized charge can increase dramatically for individual properties with a significantly low completion rate. Considering the burden that may increase in the process of reflecting the quoted price, the property tax rate for homeowners with a quoted price of 600 million won or less 1 will be reduced by 0.05 percentage points starting next year. . In this case, the property tax rate will be reduced from 1.0% to 0.4% to 0.05% to 0.35%. If the public price exceeds 600 million won, 0.4% is applied as before. It is known that the ruling government party played a tug of war over whether the benefit from the property tax reduction would be set at 600 million won or 900 million won, but it was ultimately decided at 600 million won. With this tax rate cut, property taxes are lowered from a minimum of 30,000 won to a maximum of 180,000 won for homes with a listing price of 100 million to 600 million won, and in particular, the rate The reduction for low-cost homes with a listing price of 100 million won or less is 50%, the highest. The government said that a homeowner with an official price of 600 million won or less equals 94.8% of all houses. However, the tax rate cut will apply for three years until 2023, but it will be decided whether to extend after reflecting changes in the housing market. By Jin Myung-sun, Staff Reporter [email protected]
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