Pocheon City Deliberates on Objection Applications for Individual Published Land Prices

Pocheon City (Mayor Kim Jong-cheon) held the 6th Pocheon City Real Estate Price Publication Committee Meeting of 2017 on the 26th in the City Government Conference Room, attended by 17 participants including real estate price publication commissioners and appraisers. The meeting was held to deliberate on objection application prices for 113 land parcels that filed objections to the individual published land prices as of January 1 this year, and the results of the deliberation will be adjusted and announced on the 31st.

From January to May this year, the city completed land price surveys and calculations and underwent verification by appraisers before determining and announcing prices for 248,493 land parcels within the city on May 31. The city then accepted objection applications from landowners and stakeholders for 30 days from May 31 to June 29.

As a result, 113 land parcels filed objections in total, including 58 parcels requesting upward adjustments and 55 requesting downward adjustments. The reasons for applications included requests for upward adjustment related to financing from financial institutions and compensation for various development projects, and requests for downward adjustment due to concerns about increased tax burden resulting from rising published land prices.

Objection applications underwent a two-stage review process. In the first stage, government officials conducted on-site re-surveys to examine the appropriateness of individual land price calculations. In the second stage, the applications underwent verification by appraisers. At this real estate price publication committee meeting, 74 parcels with valid objection reasons were adjusted according to applicants' requests—46 parcels upward and 28 downward—while the remaining 39 parcels with justified current prices were rejected.

The results of individual published land price objection application processing will be notified individually to applicants. For inquiries related to this matter, contact the Pocheon City Hall Civil Service and Land Division (☏538-2139, 2141), which implements citizen-oriented civil complaint services.