[공동주택 공시가 Q&A] “The effect of the cut is greater than the increase in the property tax burden this year”

The government said that although the publicly announced price of apartment houses nationwide this year rose 19% from last year, the effect of lowering property tax was greater than the increase in property tax due to the tax burden cap system. The government announced that this year’s public housing price has risen 19% from last year. 92.1% of the total price was less than 600 million won (price level of 900 million won), and 3.7% of the public price exceeded 900 million won (price level of 1.2 ~ 1.3 billion won).

The following are questions and answers on the main contents related to the official price for apartment houses.

-Isn’t property tax increased a lot this year as the public housing price increased by more than 19%?

“Since this year, the tax rate for one homeowner with a public price of 600 million won or less has been reduced by 0.05 percentage points (P), reducing the property tax burden for those who are eligible for a tax rate reduction. As it is limited, the effect of the increase in the published price is not reflected in the property tax.”

-1 Even though the tax rate for homeowners is cut, the public price will eventually rise by 19%, and the property tax will increase.

“With the introduction of a special tax rate, the property tax for one house with a public price of 600 million won or less is reduced by 22.2-50%. Despite the increase in the public price, the increase in property tax is limited to 5-10% per year according to the tax burden ceiling system.’ In the year 21, the cut effect is greater than the increase effect.”

-Isn’t the number of houses under 600 million won, which are subject to tax rate exceptions, a lot lower due to the soaring public price?

“The proportion of apartment houses under 600 million won in the nation has decreased by about 3%p. However, the share of apartment houses under the official price of 600 million won accounts for 92.1% of the total.”

-Is there any possibility that the burden of health insurance premiums for local subscribers considering the total amount of property will increase sharply due to the soaring public price?

“As property insurance premiums of local subscribers reflect 60% of the published price (based on property tax tax base), the scale of reflection is reduced compared to the market price or published price fluctuations. Also, since it is a system that is calculated according to the property score grade (60 grade), the estimated amount Even if changes are made, property insurance premiums remain the same when the property score grade remains the same.

We plan to expand property deductions when calculating property insurance premiums to ease the burden of insurance premiums for local health insurance subscribers arising from fluctuations in published prices.”