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The publicly announced land price of the Ulsan area standard site, which is the basis for taxation, will increase by 7.55%. It is the highest rate in 3 years since 2019.
On the 23rd, the Ministry of Land, Infrastructure and Transport announced that as of January 1, 2021, the official land price of the standard land (8617 parcel) in Ulsan rose 7.54% compared to the previous year. The rate of increase in the publicly announced land price of national standard land next year is 10.37%, the highest in 14 years since it reached 12.40% in 2007.
The rate of increase in publicly announced land prices by city and province is in the order of Sejong 12.38%, Seoul 11.41%, Gwangju 11.39%, Busan 11.08%, and Daegu 10.92%.
Ulsan’s standard land (8617 parcel) publicly announced land price increase rate soared to 10.74% in 2016, 6.78% in 2017, 8.22% in 2018, 5.40% in 2019, and 1.76% in 2020. Recorded.
When looking at the distribution of publicly announced land prices per unit area (㎡) in Ulsan, 3570 lots (41.4%) are the most from 100,000 won to less than 1 million won, 2674 lots (31.0%) from 1 million won to less than 10 million won, 2370 lots less than 100,000 won (27.5%).
The publicly announced land price of standard land is used as a standard for calculating the individual publicly announced land price, the criteria for imposing various taxes and charges, and the selection criteria for welfare consumers such as health insurance premiums, and the tax burden on commercial and business facilities in areas with high land prices is expected to increase significantly.
When the government announced the roadmap for real estate public price realization rate, it announced that the real estate rate, which is 65.5% this year, will be raised to 90.0% for 15 years until 2035, and that it will set it to 68.6% next year. The rate of realization of the officially announced land price for the standard land next year is 68.4%, similar to the target value of 68.6% according to the roadmap.
The Ministry of Land, Infrastructure and Transport will conduct a 20-day inspection of the owners and hearing of opinions on the publicly announced land price of standard land from the 24th to January 12th next year. It is expected to be decided and disclosed on February 1 of next year after hearing the opinions of the owners and local governments and deliberation by the Central Real Estate Price Disclosure Committee.
The publicly announced land price can be viewed from 0 o’clock on the 24th on the official realty price alert site (www.realtyprice.kr) and opinions can be presented.
Reporter Kim Chang-sik [email protected]
Gyeongsang Ilbo, KSILBO