The publicly announced individual land price is very important because it is related to property rights such as property tax and capital gains tax. So, let’s find out what this official land price is, how to inquire about the official land price, and the rate of change in the official land price.
index
1. What is the official land price? (+ the difference from the actual transaction price)
2. How to check the official price
3. Rate of change in official land price
1. What is the official land price? (+ the difference from the actual transaction price) 2022년 아파트 공시지가 조회
The official land price refers to the price announced by the government at a certain point in time. It is a standard set for real estate tax other than transaction tax.
Many of you may be wondering about the difference between the official price and the actual transaction price.
Actual price literally means the price at which real estate is actually traded. Since the actual transaction price is determined by supply and demand, the government cannot intervene. The actual transaction price is the basis for the imposition of transfer tax and acquisition tax.
Normally, the official price reflects 50~70% of the actual transaction price. 인생꿀팁
However, the government has announced a roadmap to raise the published real estate price by 90% of the market price over the next 10 to 15 years.
2. How to check the official price
1) ▶Access the Ministry of Land, Infrastructure and Transport’s Real Estate Price Alert Homepage (Shortcut) > Click [Adult Housing Price].
2) Search for the building you want to view.
3) You can check the published prices from 2005 to the present.
*The standard market price for apartment houses prior to 2005 can be inquired on the standard market price inquiry site of the <National Tax Service Home Tax> website.
3. Rate of change in official land price
In 2021, the publicly announced price of apartment houses nationwide rose by an average of 19.08%. It was the largest increase since 2007.
Especially notable is Sejong City, which has risen more than 70%. Jeju Island recorded the lowest increase rate of 1%.
This is a graph that shows the change in the published price by year. Since 2013, the published price has been steadily rising.
However, compared to the average annual increase of 5% over the past five years, the 19% increase this year is a staggering number. It is probably the current government’s real estate policy to stabilize house prices by raising the official land price and collecting taxes on multi-family dwellers.
So far, we have looked at how to inquire the official price of an apartment in 2021. Thanks for reading!