News1 material photo of Hwaseong City
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,'(Hwaseong=News1) Reporter Lee Yoon-hee = Hwaseong City in Gyeonggi Province announced on the 13th that it has imposed and notified property taxes for September amounting to 23.07 billion won (401,152 cases).’
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‘This is an increase of 8.4 billion won (3.7%) compared to the previous year, with land tax amounting to 18.64 billion won and residential tax for two households amounting to 4.43 billion won.’
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‘In order to reduce the burden of property taxes for single-household, single-home owners for the second consecutive year, the city has relaxed the fair market value ratio and applied an additional special tax rate reduction of 0.05% for homes valued at less than 90 million won.’
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‘The payment period is from the 16th to the 30th, and payment can be made through local tax accounts, virtual accounts, ARS (142211), Wetax website (www.wetax.go.kr), internet payment, nationwide bank CD/ATM machines, and simple payment apps, with a 3% surtax imposed if the payment deadline is missed.’
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“Manager Yoon Mi-young of the Tax Collection Division stated, ‘Property tax accounts for approximately 25% of the market value and is an important source of revenue for Hwaseong citizens’ welfare improvement and local economic development. I urge everyone to make the payment within the payment deadline.'”