Since 2017, when the Moon Jae-in administration took office, the amount of real estate ownership tax paid has increased by more than 5 trillion won, exceeding 18 trillion won.
As a result of analysis of data received from the National Tax Service and the Ministry of Public Administration and Security by National Power Rep. Park Hyung-soo of the National Assembly Planning and Finance Committee on the 12th, the amount of real estate ownership tax paid nationwide (comprehensive real estate tax + property tax) last year was counted at 18.4 trillion won.
This is an increase of KRW 5,693.2 billion (46%) compared to 2017 (KRW 12.34 trillion).
The amount of real estate ownership tax paid has been increasing every year, with KRW 12.34 trillion in 2017, KRW 13.4 trillion in 2018, and KRW 15,684.3 billion in 2019.
Looking at the payment status by region, the amount of tax held in Seoul last year was 7.35 trillion won, the highest among 17 cities and provinces.
Gyeonggi Province followed with 4,169.6 billion won, followed by Busan (917.7 billion won), Incheon (843 billion won), Gyeongnam (782.4 billion won), Daegu (558.7 billion won), Gyeongsangbuk-do (516.1 billion won) was followed.
The region with the lowest amount of holding tax was Jeonbuk (252.9 billion won).
Based on the regional growth rate, the amount of tax held by Jeju Island increased by 79% compared to 2017, showing the highest rate of increase.
In addition, Seoul (67%), Sejong (56%), and Daejeon (52%) had higher rates of increase in holding tax than the national average (46%).
Rep. Park Hyung-soo said, "Since the price of real estate, which is the taxable standard, has skyrocketed, the real estate ownership tax has no choice but to rise." "It is the result of a wrong real estate policy that suppresses demand by pouring tax bombs on the people rather than increasing the supply of high-quality housing." said.
He continued, "The government should break away from the policy of suppressing demand from now on, and strive to supply high-quality and cheap housing, and ease the transaction tax so that the real estate market is supplied with properties."