Fair Value Ratio Likely to Be Raised Significantly… ‘Targeted Tax Increase’ on Multi-Homeowners and High-Value Single-Homeowners Discussed

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With both President Lee Jae-myung and Cheong Wa Dae Policy Chief Kim Yong-bum placing the "normalization of real estate taxation" at the forefront, the government's scenario for real estate tax hikes has entered its final countdown. Relevant government ministries are discussing raising the fair market value ratio for the Comprehensive Real Estate Tax and tightening the tax burden on multi-home owners and owners of high-priced single-home propert…