"First in the Nation": Gangnam-gu to Automatically Reduce Property Taxes for Multi-child Households

Seoul's Gangnam-gu district is implementing three innovative tax administration measures to ease the tax burden on residents ahead of this month's regular property tax assessment.
Gangnam-gu has decided to become the first local government in the nation to automatically reduce property taxes for multi-child households.
Previously, residents had to personally prepare documents and apply for the reduction. Moving forward, the district will link resident registration and property tax data, using artificial intelligence to identify eligible households and apply the reductions directly.
It is estimated that approximately 1,500 households will receive a total of 500 million won in benefits through this initiative.
The district is also launching a service that allows residents to check their property taxes in advance and plan their payments accordingly.
Gangnam-gu has released a self-developed "My Home Property Tax Preview" service on its website, which utilizes artificial intelligence.
By entering the name of an apartment complex in Gangnam-gu along with the building and unit number, residents can check the official assessed value, the estimated housing property tax, and whether they are eligible for installment payments all at once.
This year, the increase rate for the official assessed value of multi-unit housing in Gangnam-gu is 25.83%, which is higher than the Seoul average of 18.6%.
In response, the district plans to actively promote taxpayer rights protection programs for residents facing a significant tax burden.
The district will provide guidance on utilizing the installment payment system for those with tax amounts exceeding 2.5 million won, and will also promote the tax deferral system for elderly residents who lack sufficient income after retirement.
Gangnam-gu will operate a dedicated consultation desk, send advance notification messages to those eligible for installment payments, and explain the relevant systems through YouTube content.
Gangnam-gu plans to levy a total of 466.3 billion won across 330,000 cases for this year's July regular property tax assessment.
The payment period for the July installment is from July 16 to July 31.
Gangnam-gu Mayor Kim Hyun-ki stated, "There are many elderly residents in Gangnam who have owned a single home for a long time but feel a heavy tax burden due to a lack of regular income, as well as many multi-child households." He added, "We will actively utilize automatic reductions, installment payments, and tax deferral guidance—measures the district can implement immediately—to ease the burden on our residents."
※ Please note: This article was translated by AI and may contain errors.