Yangju City Levies 5.8 Billion Won in Regular Vehicle Tax

Yangju City has levied 5.8 billion won in regular vehicle tax for the month of June 2017 on a total of 57,800 vehicles.

The regular assessment amount has increased by approximately 600 million won (11.3%) compared to last year. Compared to 2016, this reflects an increase of 4,898 vehicles (5.6%) in registered vehicles and a decrease in annual payment vehicle ratio of 3.2% (2,454 cases) for this year.

Regular vehicle tax is calculated by multiplying the displacement amount by the tax rate per CC and dividing the annual tax amount by 50%, which is then levied in two installments in June and December to the vehicle owners registered in the vehicle registration ledger.

The payment period for the first installment of vehicle tax runs from the 16th to the 30th of this month. Payment is available at all financial institutions nationwide, and card payment is also possible at Yangju City Hall Tax Affairs Division and eup/myeon/dong community centers.

Additionally, residents can conveniently pay through various methods including electronic payment (www.wetax.go.kr), ARS payment (080-999-3300), automatic transfer, and mobile payment services via the smartphone app 'Smart WeeTax'.

A city official stated, "Local taxes incur an additional 3% surcharge after the payment deadline," and added, "If the tax amount by category is 300,000 won or more, a late surcharge of 1.2% per month will be imposed, so payment must be made within the specified period."