Suwon Determines and Publicizes Standard Individual Housing Prices

[Suwon Ilbo=Reporter Seo Dong-young] Suwon City will determine and publicize the "standard individual housing prices as of June 1, 2020" on the 29th of this month.

The subject properties are 215 individual houses that underwent new construction, expansion, or change of use between January 1 and May 31 of this year.

Homeowners or interested parties may file objections until October 29 in cases where the prices of standard houses with the same or most similar housing characteristics—such as land use zone and main building structure—or prices of neighboring houses are not in balance.

Information including housing location, lot number, area, and price can be viewed through the Real Estate Price Notifier (www.realtyprice.kr), Suwon City's website (www.suwon.go.kr) under "Taxes → Local Taxes → Individual Housing Prices," or at the tax office of the district where the housing is located.

Objection applications may be submitted by mail or in person to the tax office of the district where the housing is located, or submitted online through the Real Estate Price Notifier website.

A city official stated, "Properties with submitted objections will be re-investigated for the appropriateness of the determined price, undergo verification by the Korea Real Estate Commission, and be presented to the Real Estate Price Publication Committee," and added, "After deliberation by the Real Estate Price Publication Committee, the processing results will be notified to the objector."