How much will the ownership tax increase?
460 million last year → 601 million this year
Disclosure price 30.4%↑… The ownership tax is 8.2%↓
Houses exceeding 600 million won are hung up.
Announced price of 1.2 billion won, holding tax soared by 43.1%
590 million + 1.55 billion 2 Homeowners 145.2%↑
Pay attention to whether multi-homed goods will be sold
yunhap news
Interest is focused on how much the ownership tax burden will increase as the publicly announced price of apartment houses, such as apartments and row houses, rose 19.08% from last year this year. For high-priced homes that exceeded the publicly announced price of 900 million won (1,290 million won), which rose a lot last year, the burden of ownership tax is expected to increase, mainly for multi-homed people. However, it is analyzed that the burden of ownership tax decreases compared to last year due to the application of the property tax special tax rate (0.05% point cut) for one homeowner with a public price of 600 million won or less. According to a simulation of the ownership tax by the Ministry of Land, Infrastructure and Transport on the 15th, in the case of one-household apartments with an official price of 600 million won or less, the burden of ownership tax decreases compared to last year in accordance with the revised local tax law at the end of last year. If the publicly priced apartment price of 460 million won last year (market price of 660 million won) rises to 600 million won this year (market price of 860 million won), the increase in the published price will reach 30.4%, but the ownership tax will rise from 1017,000 won last year to 9.3 million this year. It decreases by 8.2% (83,000 won) to 4,000 won. The lower the price, the greater the decline in the ownership tax, and this year’s public price increased by 15.1% from last year to 313 million won. The ownership tax of the A-Apartment in Buk-gu, Busan (84㎡ in exclusive area) will decrease by 14.5% from 481,000 won last year to 411,000 won this year. The reduction in the public housing tenure tax of less than 600 million won in public housing prices is due to concerns that the burden on the low-income and middle-class will increase in accordance with the announced price realization plan aimed at 90% of the actualization rate (price reflection rate) over 5 to 10 years. This is because last year’s government measures to cut property taxes for low- and mid-priced housing. The exemption target was decided to be 600 million won or less after reviewing the public price of 600 million won or less and 900 million won or less, which is the standard for tax exemption from the comprehensive real estate tax for one homeowner. On the contrary, the burden of ownership tax for houses exceeding the official price of KRW 600 million this year is expected to rise significantly due to a sharp increase in the published price and an increase in the tax rate. The housing ownership tax, which increased from 690 million won (market price of 990 million won) last year to 900 million won (price of 1.29 billion won) this year, was 546,000 won (29.9%) from 1829,000 won last year to 2375,000 won this year. ) Increases. The current upper limit of property tax is limited to within 130% of the previous year, and this means that the property tax for this house has risen to the upper limit.
※ Click the image to see it larger.
The amount of tax on high-priced housing exceeding the publicly announced price of 900 million won varies depending on the circumstances of the homeowner, such as the period of ownership, age, and multi-household status. In the case of apartments whose official price rose from 960 million won last year to 1.2 billion won this year (1.71 billion won), the ownership tax burden jumps 43.1% from 3023,000 won last year to 4325,000 won this year. However, if the homeowner is 65 years of age or older as a single homeowner and the retention period is more than 15 years, the tax deduction limit of 80% is applied and the ownership tax is reduced to 3892,000 won. The ownership tax of two homeowners (more than three homeowners in other regions) in areas subject to adjustment, such as Seoul, will increase significantly due to the increase in the final tax rate under the’July 10th Measures’ last year. This is because the tax rate will be raised from the previous 0.6-3.2% to 1.2-6.0% from the owner’s basis on June 1st. Accordingly, in the case of two houses with b apartments in Gwanak-gu, Seoul (public price of 500 million won → 590 million won) and c apartments in Gangnam-gu (listed price of 1.39 billion won → 1.55 billion won), the total ownership tax was 16.276,000 won last year. From this year, it jumped to 39911,000 won (145.2%). The real estate industry is also paying attention to whether multi-homed goods will be sold as a starting point for the announcement of the publicly priced price that has risen sharply on the same day. Park Won-gap, chief real estate expert at Kookmin Bank (KB), said, “It is expected that some of the expedient items to be disposed of by the end of May will be released in order to reduce the burden of rapidly increasing ownership tax. It will not be enough to have a big impact on the market,” he predicted. By Choi Jong-hoon, staff reporter