@article{ART002265066},
author={Im, Dong Heok and Min-Seub Choi},
title={A Study on the Taxation Equity between Non-Residential Real Estate and Apartment Houses},
journal={Korea Real Estate Review},
issn={2092-5395},
year={2017},
volume={27},
number={3},
pages={87-102}
TY - JOUR
AU - Im, Dong Heok
AU - Min-Seub Choi
TI - A Study on the Taxation Equity between Non-Residential Real Estate and Apartment Houses
JO - Korea Real Estate Review
PY - 2017
VL - 27
IS - 3
PB - korea real estate research institute
SP - 87
EP - 102
SN - 2092-5395
AB - The purpose of this study was to compare the taxation equity of non-residential collective real estate based on its standard market prices set by National Tax Service and those for taxation set by the Ministry of Government Administration and Home Affairs with that of the apartment houses in Seoul, South Korea.
The study findings were as follows. First, the analysis results of the standard market price rates of non-residential collective real estate pointed to a huge gap in the assessment rate (AR) of the taxation standards among the Gu offices. Second, there was a big coefficient of dispersion (COD) in the standard market prices of non-residential collective real estate, which confirmed the presence of horizontal inequity. Finally, there was regressive vertical inequity, which leads to the undervaluation of high-value assets, in the standard market prices of non-residential collective real estate.
The evaluation of the standard market prices of non-residential collective real state should thus reflect the market prices and the addition and assessment of the land and buildings to achieve taxation equity. Based on these findings, it is hoped that this study will make a significant contribution to the improvement of the official announcement system for non-residential real estate based on real transactions during the shift to such system.
KW - non-residential real estate;taxation equity;taxation standard;standard market price set by National Tax Service;standard market price for taxation set by the Ministry of Government Administration and Home Affairs
DO -
UR -
ER -
Im, Dong Heok and Min-Seub Choi. (2017). A Study on the Taxation Equity between Non-Residential Real Estate and Apartment Houses. Korea Real Estate Review, 27(3), 87-102.
Im, Dong Heok and Min-Seub Choi. 2017, "A Study on the Taxation Equity between Non-Residential Real Estate and Apartment Houses", Korea Real Estate Review, vol.27, no.3 pp.87-102.
Im, Dong Heok, Min-Seub Choi "A Study on the Taxation Equity between Non-Residential Real Estate and Apartment Houses" Korea Real Estate Review 27.3 pp.87-102 (2017) : 87.
Im, Dong Heok, Min-Seub Choi. A Study on the Taxation Equity between Non-Residential Real Estate and Apartment Houses. 2017; 27(3), 87-102.
Im, Dong Heok and Min-Seub Choi. "A Study on the Taxation Equity between Non-Residential Real Estate and Apartment Houses" Korea Real Estate Review 27, no.3 (2017) : 87-102.
Im, Dong Heok; Min-Seub Choi. A Study on the Taxation Equity between Non-Residential Real Estate and Apartment Houses. Korea Real Estate Review, 27(3), 87-102.
Im, Dong Heok; Min-Seub Choi. A Study on the Taxation Equity between Non-Residential Real Estate and Apartment Houses. Korea Real Estate Review. 2017; 27(3) 87-102.
Im, Dong Heok, Min-Seub Choi. A Study on the Taxation Equity between Non-Residential Real Estate and Apartment Houses. 2017; 27(3), 87-102.
Im, Dong Heok and Min-Seub Choi. "A Study on the Taxation Equity between Non-Residential Real Estate and Apartment Houses" Korea Real Estate Review 27, no.3 (2017) : 87-102.
