The end of the tax tax, which was doubled from last year … Bull ‘details’ everywhere

# Mr. A, who lives at Raemian Daechi Palace (only 85㎡) in Daechi-dong, Gangnam-gu, Seoul, was surprised when he calculated the estimated total real estate tax this year. This is because the final tax of 1.26 million won last year has almost doubled to 2.47 million won this year. When the property tax is added to 3.72 million won, the total property tax paid this year is 9.07 million won.

According to the real estate industry, on the 23rd, when the comprehensive real estate tax (deposit tax) was announced this year, reflecting the increase in public price, a series of articles was published discussing details in the real estate community.

The tax is applied on the amount in excess when the published price exceeds a certain standard amount adding houses and land nationally for each individual. In the case of housing, starting on June 1 of each year, the public price is charged in excess of 600 million won (900 million won for a house in a home).

Although there are no changes in the tax rate this year, the tax burden will increase further due to the sharp rise in property prices, the reflective rate of quoted prices, and the increase in the fair market price ratio. Last year, the number of people subject to the final tax was 595,000 and the tax amount was 3,347 trillion won, a record. This year, the public price increase and fair market price ratio, which is the target of the final tax, is expected to increase from 85% to 90%, and the tax amount will exceed 3.5 billion won.

In one real estate community, Mr. B said, “Last year, it was around 5.8 million won, but this year it was over 10 million won.”

Mr. C, who said he was the second homeowner in Dogok-dong, Gangnam-gu, also said, “I got 26 million won in seed tax and 50 million won when husband’s is combined. “.

The tax burden is expected to increase next year. According to the amendment to the tax law approved by the National Assembly in August, the tax rate for a homeowner is increased by 0.3% points from 0.5 to 2.7% to 0.6 to 3.0%, and the maximum tax rate for homeowners multiples increases to 6%.

The fair market price ratio will increase sequentially from 90% this year to 95% in 2021 and 100% in 2022. If the official price rises to 90% of the market price in 2030, the property tax is expected to of the home exceeds 4.6 trillion won.

UPI News / Reporter Lee Hyun Kim [email protected]