Yeongtong District's Official Land Values Rise 2.6%

Suwon's Yeongtong District announced that it has determined and published individual official land values as of January 1 this year for a total of 11,131 parcels of land as of the 31st.

The individual official land values determined this time will be used as the basis for assessing various national and local taxes.

The individual official land values in Yeongtong District rose an average of 2.60% compared to the previous year. The highest land value is 6.5 million won per square meter for land within a commercial building at 1011-1, Yeongtong-dong, while the lowest land value is 12,700 won per square meter in Sansan 43, Iyui-dong.

Residents wishing to view the information can access the Korea Land Information System website (http://klis.gg.go.kr) to search for the determined and published individual official land values.

Objections to the individual official land values can be filed by submitting an objection form to the civil affairs office of the competent city, county, or district where the land is located by June 29.

Additionally, for lands on which objections have been filed, the district will re-investigate land characteristics and balance of nearby land prices, undergo verification by certified appraisers and deliberation by the Suwon Real Estate Appraisal Committee, and is scheduled to notify individual objectors by July 30.

For inquiries, contact the Yeongtong District Office, Comprehensive Civil Affairs Division (228-8557).