Brief Abstract
With the help of GIS, it would be easier to identify errors in a public assessment system, finding areas with higher rising rate of assessment prices and ones with lower increasing rate. In addition, GIS helps compare areas of a lot of sales with areas of less sales. Learning Objectives: 1. Recession in the Korean real estate market: As of December, 2022, sales price is lower than the 2022 assessment price. The price of the apartments in Seoul has fallen 30 percent. This presentation shows the changes in the assessment sales price and sales price through GIS map. 2. Uniformity in the Korean property tax system: GIS is the most effective tool to verify an uniformity in a property tax system. This presentation shows the uniformity in the Korean assessment price through GIS map. 3. Tax base in Korea: The Korean tax base is different from the US tax base and its difference comes from the definition of a market value. This presention compares the Korean tax base of land, residential property, and non-residential property with that of the US.
Start Date
3-4-2025 2:00 PM
End Date
3-4-2025 3:30 PM
Analysis of spatiotemporal changes in Seoul apartment prices using the Space-Time Cube Model
With the help of GIS, it would be easier to identify errors in a public assessment system, finding areas with higher rising rate of assessment prices and ones with lower increasing rate. In addition, GIS helps compare areas of a lot of sales with areas of less sales. Learning Objectives: 1. Recession in the Korean real estate market: As of December, 2022, sales price is lower than the 2022 assessment price. The price of the apartments in Seoul has fallen 30 percent. This presentation shows the changes in the assessment sales price and sales price through GIS map. 2. Uniformity in the Korean property tax system: GIS is the most effective tool to verify an uniformity in a property tax system. This presentation shows the uniformity in the Korean assessment price through GIS map. 3. Tax base in Korea: The Korean tax base is different from the US tax base and its difference comes from the definition of a market value. This presention compares the Korean tax base of land, residential property, and non-residential property with that of the US.