Gwonseon-gu, Suwon City Conducts Land Characteristics Survey for Individual Publicly Announced Land Prices

[Suwon Ilbo=Reporter Seo Dong-young] Gwonseon-gu, Suwon City will conduct a land characteristics survey for calculating individual publicly announced land prices as of January 1, 2020, targeting approximately 40,000 parcels of land until the 10th of next month.

Individual publicly announced land prices are used as the standard for levying national and local taxes related to land and various charges. The district will organize survey teams to collect relevant data including comparative analysis of public registers and various permits, licenses, and changes in urban management plans, while conducting on-site investigations in parallel.

Individual publicly announced land prices are calculated by comparing surveyed land characteristics with standard lands determined and publicly announced by the Ministry of Land, Infrastructure and Transport, and are finalized on May 29 after verification by professional appraisers and review and opinion submission by landowners.

A district official said, "The district is an area where development projects in the West Suwon region are concentrated, and interest from landowners and stakeholders is increasing due to large-scale land development projects, the Suinseun Line double-track electric railway, and road construction," adding "We plan to ensure fairness in land price calculation through accurate land characteristics surveys."