Youngtong-gu Conducts Land Characteristic Survey Until February 10 Next Year

[Suwon Ilbo=Reporter Seo Dong-young] Youngtong-gu in Suwon will conduct a land characteristic survey until February 10 next year to ensure objectivity and fairness in the individual official land price as of January 1, 2022.

The land subject to the individual official land price survey consists of approximately 12,200 lots. The district will organize land price investigation teams to collect relevant data including various permits and licenses such as construction and development permits, urban planning changes, and conduct on-site surveys for land characteristic assessment.

The individual official land price is calculated by comparing characteristics based on the standard land official price, and will be determined and announced on May 29 next year through procedures including verification by certified real estate appraisers, collection of opinions from landowners, and deliberation by the Real Estate Price Public Notice Committee.

The determined and announced individual official land price will be used as the basis for determining taxable amounts for land-related national taxes such as capital gains tax and local taxes such as property tax, and will also be used as a calculation standard for development charges and national/public property usage fees.

For more details, contact the District General Civil Service and Land Management Team at (031-228-8560).