Dongducheon City Imposes Property Tax of 6.4 Billion Won for July Regular Assessment

Dongducheon City has imposed property taxes totaling approximately 640,000 cases (6.4 billion won) for the July regular assessment and is actively promoting tax payment.

This year's property tax assessment increased by 3.3% compared to the previous year.

The city stated that the increase in tax amount is due to rising building construction price benchmarks, reduced exemption application rates for industrial complexes and medical corporations, and new construction of buildings.

Property taxes are assessed annually to homeowners, building owners, and landowners as of the standard assessment date (June 1) and are divided into two payments: July installment (first installment for residential properties and buildings) and September installment (second installment for residential properties and land).

Taxpayers can pay the deadline of July 31 by inquiring and paying through Wetax (www.wetax.go.kr) or internet transfer (www.giro.or.kr), or by credit card at cash dispensers (CD/ATM) at banks nationwide. In particular, local taxes can be paid conveniently at any time and anywhere by downloading the "Smart Wetax" app on a smartphone.