On the 22nd, when the comprehensive real estate tax bill was sent, members of the Citizens’ Coalition for Unconstitutional Claims for Taxation are posting a post encouraging a lawsuit to file a claim for unconstitutionality of the taxation on a bulletin board at the entrance of an apartment in Seocho-gu, Seoul. News 1
As real estate prices soared and publicly announced prices overlapped, the total number of people who are subject to comprehensive real estate tax on housing this year has approached 950,000. If you add taxpayers for the undisclosed land portion, it is expected that the number of people subject to taxation will exceed 1 million.
The number of single-family homeowners paying the property tax also reached 400,000, an increase of more than 100,000 from last year. This is a significant increase from the estimate of the Democratic Party of Korea, which was initially estimated at 800,000. Although the number of taxpayers has increased by more than 40%, the government insists that “98% of the people are irrelevant.”
Housing-Volume Tax-Taxpayers-Status-and-Tax Payers
It seems that there will be over 1 million people in the estate tax 6 million won on average
According to the Ministry of Strategy and Finance on the 22nd, the number of people subject to tax notice on housing divisions announced by the National Tax Service on that day was 947,000, up 42.0% (280,000 people) from the previous year. The tax payable by them is 5.7 trillion won, which is about 6 million won per person.
Considering that last year, only 77,000 people received tax bills for land division, it is expected that the number of people who will be subject to tax payment this year will exceed 1 million for the first time. Compared with last year, the subject of tax payment is △one household per household (12,000 persons) △one homeowner (92,000 persons) excluding one homeowner per household △multiple homeowners (130,000 persons) △corporate (46,000 persons), etc. increased
The government explained that raising the published price standard, which is subject to the tax payment of only one household per household (from 900 million won to 1.1 billion won), has the effect of reducing 89,000 people who are subject to the property tax. It is said that if the law had not been amended, the number of people who had to pay the property tax could have increased by more than 100,000. The average property tax payable by one homeowner per household is 1.52 million won, which is more than 50% higher than last year (about 1 million won).
The reason why the amount of tax to be paid has increased significantly is because the rise in real estate prices, the realization of the official price, an increase in the fair market value ratio, and an increase in the tax rate, etc. acted simultaneously. Park Geum-cheol, director of property consumption tax policy at the Ministry of Strategy and Finance, said, “It seems that housing prices have risen overall and the fair market value ratio has also been reflected.”
Park Geum-cheol, director of the property consumption tax policy of the Ministry of Strategy and Finance, is moving to the podium to explain the main contents of the comprehensive real estate tax notice for 2021 housing at the press office of the Ministry of Strategy and Finance in the government complex in Sejong on the 22nd. Sejong = News 1
Democrats’ predictions were wrong… The number of people per household has also increased.
The prediction of the Democratic Party of Korea that the number of people who would be eligible to pay the property tax on the housing division would be less than 800,000 was greatly wrong. The Democratic Party previously announced that the number of taxpayers would be 765,000 based on the analysis of the National Assembly Budget Office, which is an increase of 182,000.
The Democratic Party predicted that if the tax standard for one household per household is raised to 1.1 billion won, the number of taxable persons will decrease to 94,000 among them. In reality, however, 132,000 people were paying taxes, an increase of 12,000 from last year. The number of other taxpayers, including multi-homeowners, also increased by nearly 150,000 more than expected.
The expected tax revenue was predicted relatively accurately by reflecting the increase rate of the announced price in the past tax revenue performance. Taxpayers were expected to take into account the natural increase caused by the increase in the official price and the purchase of new homes subject to the property tax.
Based on this data, the Democratic Party also delivered false information on the 16th that “800,000 people pay the property tax and 94,000 people per household and one house” (Park Wan-ju, chairman of the Policy Committee).
Although the number of recipients increased by 42%, the government still ‘applies only to some’
Deputy Prime Minister and Minister of Strategy and Finance Hong Nam-ki wrote on Facebook on the same day, “98% of all citizens do not receive (special property tax) bills, and multi-family houses and corporations bear 88.9% of the total tax amount.” The number of beneficiaries has increased by 42%, but the government is still emphasizing only ‘some’.
At the same time, various tax relief policies were explained separately as if being conscious of the tax burden on taxpayers. The Ministry of Strategy and Finance introduced that if the tax exceeds 2.5 million won, it can be paid in installments for six months without paying any interest.
The government emphasized that by raising the deduction amount for one homeowner per household, the average tax amount for house owners with a market value of less than 2.5 billion won is 500,000 won, and that about 10,000 people saved tax by choosing a joint name.
Sejong = Park Se-in reporter sane@hankookilbo.com
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