Uijeongbu City Announces 2017 Individual Public Land Prices

Uijeongbu City (Mayor: Ahn Byung-yong) completed its deliberation by the Uijeongbu City Real Estate Price Public Notice Committee regarding individual public land prices (51,433 parcels) as of January 1, 2017, and announced and publicly notified them on May 31.

Based on January 1, 2017, individual public land prices were found to have increased an average of 2.79% compared to the previous year.

The publicly announced individual public land prices can be viewed through the Land Information Division (Public Land Price Control Room) at Uijeongbu City Hall and the Uijeongbu City website (www.ui4u.go.kr).

Land owners and other interested parties who have objections after viewing the publicly announced land prices may submit objection applications from May 31 to June 29 to the Land Information Division (Public Land Price Control Room) at City Hall or through the city website.

For individual public land prices for which objections are received, the handling results will be individually notified to the applicants after verification by the responsible appraiser and deliberation by the Real Estate Price Public Notice Committee.

The individual public land prices announced this time will be used as the basis for calculating local taxes such as property tax and acquisition tax, as well as the assessment standard for national taxes such as capital gains tax and comprehensive real estate tax.