The problem is that the burden on the holding tax is also greatly increased due to the soaring public price. If you buy and sell for speculation, even if you hold it for 10 years and 20 years, your property tax will increase significantly. You mean, don’t own a house at all and live on a monthly rent basis. First, it is said that the number of persons subject to the taxation tax exceeding 900 million won will increase by 41% from 663,000 last year to 938,000 this year. The government said that the soaring public price was due to the increase in house prices. In Daegu, 9,106 households with a public price exceeding 900 million won, subject to the comprehensive real estate tax imposition for one household, one house, are 9,106 households.
Public opinion is boiling out of control as the tax bomb, which has been intermittently talked about, finally becomes a reality. Ahead of the 4·7 rehabilitation and the next presidential election, emergency funds for ticket fishing were sprinkled, and a voice called Nolbu Simbo who said he would fill the holed tax revenue with real estate ownership tax. It was the government that raised the price of the house anyway, but in order to avoid the tax bomb, it became a situation where it was necessary to sell the house and change to the previous or monthly rent. Therefore, there is also an article saying, “I will compensate LH employees by removing taxes”.
The national average of 19.08% for apartment houses increased, which greatly increased the burden on the common people. This is because it is the basis for calculating about 60 various charges such as property tax, comprehensive real estate tax, and health insurance premiums. The coronavirus outbreak has resulted in an extreme contraction of households and fueling public sentiment amidst the failure of real estate policies. It was only a month ago that the analysis that Korea’s’real estate tax’ is the third largest member of the Organization for Economic Cooperation and Development (OECD).