Ganghwa County Seeks Response to 8.12% Rise in Standard Land Announced Prices

[Suwon Ilbo=Reporter Seo Dong-young] Ganghwa County announced on the 12th that it is taking measures in response to the Ministry of Land, Infrastructure and Transport's 2021 Standard Land Announced Prices (draft) to ease the tax burden by reflecting the difficult economic realities of rural and fishing areas.

The county expects the announced land prices to increase by an average of 8.12% according to the announced land prices (draft) announced by the Ministry of Land, Infrastructure and Transport for 2,582 standard land parcels in Ganghwa County in 2021.

In response, the county collected opinions from local residents and the Ganghwa County Real Estate Price Announcement Committee to make recommendations ensuring that the difficult economic realities of rural and fishing areas due to COVID-19 are reflected in the announced land prices.

Meanwhile, the standard land announced price is the unit area price (won/㎡) of standard land surveyed and announced annually by the Minister of Land, Infrastructure and Transport to calculate land prices for various administrative purposes including individual announced prices. It serves as an indicator for land transactions and is used as the standard for calculating individual announced land prices throughout the country, as well as the standard for imposing various taxes and fees, and as criteria for selecting beneficiaries of health insurance premiums and welfare services.