Uijeongbu City Accepts Applications for Individual and Apartment Building Valuation Estimates

Uijeongbu City (Mayor Ahn Byung-yong) is accepting applications for the viewing and submission of opinions on housing valuations for 14,148 individual and multi-unit residential buildings and apartment complexes from March 15 through April 4.

Individual housing valuations represent the comprehensive price assessment of buildings and their attached land as a single unit. The calculation method compares each individual residence's characteristics against a standard residential property, determining the price level based on individual property features.

Individual housing valuations can be viewed through the Uijeongbu City Tax Affairs Division (031-828-2576~7) or the Uijeongbu City Hall website (www.ui4u.go.kr). Opinions can be submitted by completing an opinion submission form through the Tax Affairs Division or the city hall website.

Additionally, the Tax Affairs Division plans to accept opinions regarding apartment building valuations that can be viewed on the Ministry of Land, Infrastructure and Transport website.

Uijeongbu City will re-examine the housing characteristics for individual property valuations for which opinions have been submitted and will reinvestigate the appropriateness of comparative standard property selection and price balance among neighboring properties. The results of this review will be notified to those who submitted opinions.

Following public viewing, opinion collection, and investigation and deliberation processes, the individual housing valuations announced on April 28 will serve as the assessment basis for various local taxes, national taxes, and quasi-taxes.