Ganghwa County Seeks Response to 8.12% Rise in Standard Land Price

[Suwon Ilbo=Reporter Seo Dong-young] On the 12th, Ganghwa County announced it is taking measures to reflect the difficult economic reality of rural and fishing areas in the Ministry of Land, Infrastructure and Transport's 2021 standard land announced prices (proposal) so that the tax burden can be eased.

According to the 2021 announced standard land prices (proposal) for 2,582 parcels of standard land in Ganghwa County announced by the Ministry of Land, Infrastructure and Transport, the standard announced land price is expected to rise an average of 8.12%.

In response, the county has gathered public opinion from local residents and the Ganghwa County Real Estate Price Announcement Committee, and is taking measures such as submitting recommendations so that the difficult economic reality of rural and fishing areas due to COVID-19 is reflected in the announced standard land prices.

Meanwhile, standard land announced prices are unit area prices (won/㎡) of standard land surveyed, evaluated, and announced annually by the Minister of Land, Infrastructure and Transport to calculate land prices for various administrative purposes such as individual announced prices. They serve as indicators for land transactions and are used as the basis for calculating individual announced land prices for all national lands, as standards for imposing various taxes and charges, and as criteria for selecting beneficiaries of health insurance premiums and welfare services.