Pyeongtaek City Completes Collection of 7 Billion Won in Development Contribution Fees This Year

Pyeongtaek City (Mayor Choi Won-yong) announced that it has collected a total of 7 billion won in development contribution fees from January to July this year. Through aggressive collection of overdue payments, the city recovered 1.1 billion won in delinquent amounts, achieving visible results in securing local tax revenue.

Development contribution fees are collected from developers and landowners through a system that calculates development profits gained from development projects of a certain scale or larger. The initial payment deadline is six months, and if payment is not made within the deadline, a 3% surcharge is imposed. Subsequently, an additional 0.75% monthly interest surcharge is added each month, increasing the burden on taxpayers.

Accordingly, Pyeongtaek City implemented a "payment deadline advance notice service" for payment obligors and provided self-produced "development contribution fee extension and installment payment guidance documents," pursuing collaborative administration. Simultaneously, the city pursued thorough debt collection by seizing delinquent taxpayers' assets and setting tax collateral for extensions and installment payments, recovering 1.1 billion won in overdue amounts.

Going forward, the city plans to further strengthen administrative sanctions against long-term and high-value delinquent taxpayers to ensure stable tax revenue increases and realize fair tax justice. The city intends to expedite strong mandatory collection procedures while conducting on-site visits to encourage payment, with plans to completely resolve overdue amounts.

A city official stated, "We will spare no convenience to ensure that businesses and citizens subject to development contribution fees do not miss payment deadlines," and added, "However, for long-term and high-value delinquent taxpayers, we will continue to implement strong collection measures to prevent the loss of valuable city resources and thoroughly secure tax revenue."