Would easing the property tax below 600 million won calm public opinion?



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While the government and ruling party have taken a step in the direction of reducing the property tax for the owner of a home with an official price of 600 million won or less, the focus is on whether this countermeasure can calm the encroaching real estate public opinion.  The photo is Mok-dong Apartment Complex 9. [매경DB]

picture explanationWhile the government and ruling party have taken a step in the direction of reducing the property tax for the owner of a home with an official price of 600 million won or less, the focus is on whether this countermeasure can calm the encroaching real estate public opinion. The photo is Mok-dong Apartment Complex 9. [매경DB]

The Democratic Party, along with the government, which caused confusion over the range of property tax reductions, is known to have taken the lead in lowering a homeowner’s property tax with an official price of 600 million won. or less.

Under the policy of the 3rd, the party government has decided to reduce the property tax rate for a home and a house by 0.05 percentage points just for the stated price of 600 million won or less. The current property tax rate is 0.1 ~ 0.4% depending on the tax base (list price 60%).

Interest is growing in whether the party government’s measures, expected to be announced on the 6th, can ease angry public sentiment. This is because all the real estate policies announced by the government this year were controversial.

In fact, when the Ministry of Lands, Infrastructure and Transportation announced that on the 20th of last month the meeting of the state council approved some amendments to the ordinance implementing the Real Estate Transaction Reporting Law, which is the main content of the expansion. of the presentation of housing financing plans.

Furthermore, the Minister of Land, Infrastructure and Transportation, Kim Hyun-mi, said, “I agree to a plan to ease the burden on tenants through monthly rent tax credits, etc.” in the comprehensive state audit of the National Land, Infrastructure and Transportation Commission of the National Assembly on the 23rd. I will discuss it, “and the opinions that criticized him flooded. It was noted that it was difficult to find a jeonse, but it was the recommendation of the government renting a monthly rent after all to benefit those who buy it.

The controversy also arose when Hong Nam-gi, Deputy Prime Minister and Minister of Strategy and Finance, announced on 28 last month that they would buy houses for sale with only 20-25% of their shares in land and buildings and then move and introduce a house equipped with capital stock that will acquire the remaining shares for 20-30 years. This is because home equity is no different than buying a home with a loan or buying a 30-year home after a long-term rental.

You are not without complaints about this measure. This is because, with the median apartment price in Seoul exceeding 900 million won and the median transaction price of 1 billion won, the backlash from a landlord in the metropolitan area may intensify. The tax burden on homeowners with a public price of 600 million won or more is expected to increase.

Netizens said: “If the trend is now, the number of houses that do not receive benefits will increase in 3 or 4 years (hans ****)” “Less than 600 million will not have a few cents in the original property tax ( gena ****) “” When the real estate policy comes out Every time the house price has skyrocketed (eams ****) “” If the public price is realized, it will increase substantially (imap ****) ” “What does the US presidential election have to do with the final announcement of property tax cuts (gang ****)”, etc. He showed a reaction.

Some argue that it is undesirable to criticize government policy every time it comes out. The government is said to be confused and it is difficult to take good action.

However, there are opposing views that better policy can only emerge when there is criticism about the policy.

In this regard, People’s Strength representative Kim Ki-hyun criticized Day 3, saying, “Is it a bottle and a medicine?”

Kim Ki-Hyun, representative of the People's Power[사진 출처 = 연합뉴스]

explanation of the imageKim Ki-Hyun, representative of the People’s Power[사진 출처 = 연합뉴스]

Representative Kim said, “At first glance, it appears to reduce the tax burden on the people, but in reality, it appears that next year’s reelection elections will not be able to be handled after the tax bomb explodes.” At the same time, he raised his voice and said: “The property tax for apartments in Seoul this year has increased by an average of 22% over last year due to rising house prices and rising prices. official prices “.

Lee Hye-hoon, a former member of the Future Integration Party (currently the People’s Power), said that the property tax burden on single-home owners is increasing due to the current government’s publicly announced price increase.下策 worst policy) ”

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