Yangju City Determines and Announces Individual Publicly Announced Land Prices; Accepts Objections

Yangju City has determined and announced individual publicly announced land prices for 136,767 parcels of land as of January 1, 2017.

Based on January 1 this year, individual publicly announced land prices rose 1.3% compared to the previous year. Commercial land at 350-216 Deokjeong-dong registered the highest price at 4,484,000 won/㎡, while 56-22 Bokji-ri, Baekseok-eup recorded the lowest at 627 won/㎡.

The individually announced land prices determined and announced this time will be used as the basis for calculating comprehensive real estate taxes, property taxes, acquisition taxes and other land-related national and local taxes, as well as development burden charges. These can be reviewed through the city website (www.yangju.go.kr), the Real Estate Information Inquiry System (http://kras.gg.go.kr/land_info), by visiting the Yangju City Land Management Division, or by calling (031) 8082-6381~6383.

Furthermore, landowners or interested parties with objections to the determined and announced individual publicly announced land prices may submit objection application forms, available at the City Hall Land Management Division, from May 31 through June 29, or may submit them online through the city website after real-name authentication.

Lands with filed objections will be reinvestigated regarding the balance of prices with standard land and prices of adjacent lands, verified by appraisers, and reviewed by the Real Estate Prices Announcement Committee. Results will be individually notified to applicants by July 28.

For other inquiries regarding individual publicly announced land prices, contact the Land Price Team at the City Hall Land Management Division (8082-6381~6383) for detailed information.