Property Tax Payment: Your Complete Guide to Smart Management

Every July and September, an unwelcome guest surprises our wallets: property tax. Property tax is levied on individuals who own land, buildings, etc., as of June 1st. However, property tax isn't simply a tax to be paid; by carefully researching and utilizing tax-saving methods, you can save money.

This article explains everything about property tax in a simple and easy-to-understand way. Property tax payment periods, inquiry and payment methods, and tax reduction benefits! Let's find out how to resolve your property tax questions and manage your taxes smartly.

Why do we have to pay property tax?

Property tax is used to develop the city where we live. It is levied to secure the funds necessary to maintain and manage various public facilities such as roads, parks, and schools.

When is the property tax payment period?

• Buildings, ships, aircraft: July 16th to July 31st each year
• Land: September 16th to September 30th each year
• Houses: Paid in two installments in July and September (However, if the total tax payable is less than 200,000 won, it can be paid once in July).

How do I check and pay property tax?

You can easily check and pay your property tax using the smartphone app 'Smart WeTax'. Install the app, log in, and then click the 'Inquiry/Payment' menu to check your property tax and press the payment button.

🔗 Check and Pay Property Tax

Are there any tax-saving methods for property tax?

There are various ways to reduce property tax.

• Tax reduction benefits:National merit recipients, people with disabilities, and families with many children can receive property tax reduction benefits.
• Green building certification:Property tax reduction benefits are given to buildings with high energy efficiency.
• Long-term unimplemented urban planning facilities sites:Property tax is reduced for sites designated as urban planning facilities that have not been implemented for a long time.

How do I receive property tax reduction benefits?

To receive property tax reduction benefits, you must submit an application for reduction to the relevant local government. It's best to check in advance, as the required documents may vary depending on the local government.

Conclusion

Property tax is a tax closely related to our lives. By properly understanding property tax and utilizing tax-saving methods, you can manage your taxes efficiently.

Check your property tax now through the Smart WeTax app and see if you can receive tax reduction benefits!

FAQ (Frequently Asked Questions)

• Why do I have to pay property tax?
  • It is used for the development of the city where we live.
• When is the property tax payment period?
  • Buildings are in July, land is in September, and houses are paid in two installments in July and September.
• Are there any ways to reduce property tax?
  • You can reduce property tax in various ways, such as tax reduction benefits and green building certification.
• What should I do to receive property tax reduction benefits?
  • You must submit an application for reduction to the relevant local government.