Apartments in Jung-gu, Seoul. Reporter Joon-heon Lee announced on the 15th that Seoul City has confirmed the 2.6387 trillion won in property taxes for July to be levied on owners of houses and other properties, and has sent 5 million property tax bills to taxpayers. Property tax is levied every year in July and September to those who own houses, land, and buildings as of June 1, the tax base date. Property tax for July this year is 2.6387 trillion, an increase of 11.7% (KRW 276.3 billion) from last year.