Jangan-gu Individual Published Land Price Objections Accepted

Jangan-gu (District Chief Hong Sung-kwan) announced on the 2nd that individual published land prices for 25,750 parcels have been determined and publicly announced based on January 1, 2013, and objections will be accepted until July 1.

Individual published land prices are unit prices per square meter of land (won/㎡) and are used as a basis for calculating national taxes related to land (capital gains tax, gift tax, inheritance tax, and comprehensive real estate tax) and local taxes (property tax, acquisition tax, and registration license tax).

The land prices determined and publicly announced based on January 1 this year apply to land transactions that occurred from January 1 through December 31 of last year, and land transfers occurring in 2013 (mergers, divisions, changes in land category, etc.) will be determined and publicly announced based on July 1.

The land prices based on January 1, 2013 can be confirmed on the internet through the Real Estate Public Announcement Price Notifier (www.kreic.org/realtyprice), the Gyeonggi Province Real Estate Portal (gris.gg.go.kr), the Gyeonggi Province Korea Land Information System (klis.gg.go.kr), the Suwon City Hall website (www.suwon.go.kr), and the Jangan-gu Office homepage (jangan.suwon.ne.kr).

Landowners who object to the land prices should submit an objection form to the General Civil Services Division of the District Office or to each dong (neighborhood) community center by July 1. For more details, contact the Jangan-gu Office Land Management Team (228-5478).