[경제]Public announcement rose 19%… tax burden for multi-homeowners realized

[앵커]

The government released the published price plan for apartments and villas this year.

It was found to be a whopping 19% higher than last year.

It is expected that various taxes such as property taxes this year, which are determined based on this published price, will also increase.

Let’s see how much the public price has risen and how much tax will be paid by homeowners. Reporter Shin Yoon-jung!

The public price has soared more than 19% this year. Why did it increase so much?

[기자]

It can be said that last year’s house price increase was reflected as it was.

This year’s quoted price increase is more than three times higher than that of last year, and it has jumped to double digits for the first time in 14 years since 2007.

The national average rate of increase is remarkably high unlike other years, because not only Seoul but also the provinces all rose without any decline.

In particular, Sejong City soared a whopping 70%, and Gyeonggi, Daejeon, and Busan also showed high rates of increase.

The published price was calculated by applying the standard for improving the published price realization rate to the market price at the end of last year.

Last year, the surge in house prices in the metropolitan area as well as in Sejong and local metropolitan cities seems to have had an impact.

[신광호 / 국토교통부 부동산평가과장 : 변동률이 예년보다 좀 높은 경향이 있는데요, 이 부분은 현실화보다는 작년에 시세 변동이 많았던 부분을 반영한 것으로 이해하시면 될 거 같습니다.]

[앵커]

As the official price increased, the number of comprehensive real estate tax subjects paid by the official price of 900 million won or more increased?

[기자]

That’s right.

The number of houses subject to the tax on the basis of one household per household increased by more than 215,000 households from last year.

According to the data released by the Ministry of Land, Infrastructure and Transport yesterday, there are 524,000 households nationwide with a public announcement exceeding 900 million won, an increase of 215,000 households, 70% more than last year.

The proportion of total apartment houses exceeding the official price of KRW 900 million is 3.7% in Korea and 16% in Seoul.

In other words, three or four houses out of 100 houses nationwide, and one out of 6 houses in Seoul.

[앵커]

If so, I am interested in how much more tax, including the final tax, will come out. Most single-home households will see their property tax fall further this year?

[기자]

It is important to know how much tax will be paid and in which section the published price of the house you own will fall.

There are three criteria: whether the public price is less than 600 million won, more than 600 million won and less than 900 million won, or more than 900 million won.

First of all, 92% of the total apartment houses are priced below 600 million won, and the market price is below 900 million won.

If a house owned by a single homeowner is less than 600 million won, the property tax for this year is expected to decrease rather than last year.

This is because the government decided to raise the realization rate of the published price last year to the level of 90% over a period of up to 10 years, and to lower the property tax rate to reduce the burden on low-priced homeowners.

For example, if you look at an apartment in Busan, the official price has risen from 270 million won last year to 300 million won this year.

As the standard tax rate applied to property tax calculation is lowered from 0.25% to 0.2%, property tax is rather reduced from 480,000 won to 410,000 won.

Even if the official price exceeds 600 million won, the tax will increase if it does not exceed 900 million won, but it is not likely to be a big deal.

This is because, with the introduction of the tax burden ceiling system, property tax payments this year cannot increase by more than 30% of the previous year for the public price of one homeowner exceeding KRW 600 million.

The problem is that of high-priced houses worth over 900 million won or multi-households with two or more houses.

If you own a 112m2 apartment in Seocho-gu, Seoul, the ownership tax is expected to reach 44 million won this year from 27 million won last year.

The ownership tax for a dedicated 84㎡ apartment in Gangnam-gu, Seoul, will nearly double this year.

If you have more than one, the tax burden becomes like a snowball.

In the case of two houses with 76㎡ exclusively for Eunma Apartment in Daechi-dong, Gangnam-gu and 114㎡ in Dogok-dong Dogok-dong, the figure jumped 2.4 times from 49.99 million won last year to 12.89 million won this year.

[앵커]

Since the government decided to raise the quoted price to 90% of the market price, the quoted price will continue to rise in the future as it is now at the level of 70% of the market price.

If so, the tax is likely to rise further, but will there be many people trying to sell their homes because of the tax burden?

[기자]

With the recent government’s 2·4 supply measures, the rise in house prices has been hindered, and it is interesting to see if there will be quick sales with lower prices as the publicly announced prices have risen significantly.

Experts predict that there will be a sale for multi-homed people who want to sell their homes ahead of June 1, which is the standard for imposing property tax and vice-tax.

However, there are likely to be quite a few cases where the house has already been arranged by gift or sale, so it is believed that the quantity may not be enough to lead to a decline in house prices.

[박원갑 / KB국민은행 부동산 수석전문위원 : 저는 시기적으로는 3월 말, 그러니까 이달 말부터 4월 말 정도로 보고 있는데 일부 급매 성격의 절세 매물이 될 수는 있겠다는 생각이 들어요.]

However, if you look at the market, there are quite a few people who have already donated through sales or donations by multi-homed people. So even if a sale comes out, it’s not that the market is crunched or it’s like this.”

Along with this, some point out that after June, the burden of transfer tax for multi-homeowners becomes heavier, resulting in a lock-in effect, which can cause market instability.

In addition, there are concerns that some multi-homed people will pass on the increased ownership tax to their tenants and endure the increase in jeon and monthly rent prices.

YTN Shin Yoon-jung at the Ministry of Economy[[email protected]]is.