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A Study on the Official Assessed Land Price System Considering the Permissible Bullk

  • Korea Real Estate Review
  • 2007, 17(1), pp.9-25
  • Publisher : korea real estate research institute
  • Research Area : Social Science > Law > Law of Special Parts > Law of Real Estate

Chang Gyu Choi 1,  Jooil LEE 2,  Lee Jae Woo ORD ID 3

1수원대학교
2서울시정개발연구원
3목원대학교

Candidate

ABSTRACT

Official assessed land price system in which the Korea Government has valued every land parcel has given a foundation for property, windfalls, and capital gain taxes. In order to increase rationality in valuation of many land parcels, not only has the government developed elaborate mechanism and data structure, but also many researchers have proposed more sophisticated valuation technique along with realistic factors. In spite of such efforts and studies, there is no discussion regarding permissible bulk and building envelope which has been considered a decisive factor affecting land value in urban design and planning field. This study tried to increase the understanding of permissible bulk and the necessity of the concept in official assessed land price system. With literature review, simulation, and a case study, this research can clearly show the complicated building regulation has been changed and affected the value of lands in downtown, although the official valuation system has not included the concept of permissible bulk, and insists that the Government should consider the permissible bulk as a factor for official assessed land price valuation.

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* References for papers published after 2023 are currently being built.

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