Pocheon City Imposes 152.5 Billion Won in Regular Property Tax on 68,175 Assessments

Pocheon City (Mayor Kim Jong-cheon) announced on the 7th that it has assessed 152.5 billion won in regular property tax for July 2017 on 68,175 cases.

Property tax taxpayers are owners of residential and commercial buildings as of June 1 of this year. For residential properties, if the property tax amount is 100,000 won or less, the full amount is assessed in July. If it exceeds 100,000 won, half is assessed in July and September respectively.

The payment deadline for property tax is by the 31st of this month. Payments can be made at nationwide financial institutions, post offices and other facilities using tax payment notices. Additionally, convenient payment methods are available including virtual account transfers, credit card payments, ARS phone service (031-538-2955), WesTax (www.wetax.go.kr), and internet bank transfers (www.giro.or.kr).

Furthermore, even without a tax payment notice, citizens can confirm their assessment details and make payments using cash deposit/withdrawal machines (CD/ATM) installed at financial institutions by using their own information or another person's information (searched by electronic payment number).

Pocheon City is promoting on-time payment through various methods, including posting banners in high-traffic areas and distributing payment guide notices, as well as conducting payment guidance through apartment announcements and local broadcast promotional campaigns to ensure residents avoid penalties such as late charges (3%) and other disadvantages resulting from delinquency.

Jeon Young-jin, director of the Tax Affairs Division, urged, "Property tax is an important financial resource for major projects that Pocheon City is pursuing, so we ask that you pay by the deadline."