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Jang, J.-W. (2010). A panorama of a housing market for 30 years. Seoul: Chaeknamu (In Korean).

has been cited by the following article:

• TITLE: The Estimation of Property Tax Capitalisation in the Korean Taxation Context

  AUTHORS: Hyung Min Kim, Kyoung-Seok Jang, Youn-Kyoung Hur

  KEYWORDS: Housing Prices; Property Tax; Gross Real Estate Tax (GRET); Capitalisation; Repeat Sales Model

  JOURNAL NAME: Current Urban Studies, Vol.1 No.4, December 13, 2013

  ABSTRACT: The difference between public services and property tax rates is capitalised into home values. The aim of this research is to estimate the property tax capitalisation rate under a different taxation context of Korea, using a repeat sales method with short-term data on housing prices and estimated tax payments. In the operation of the property taxation, there is complexity that needs to be considered in the estimation of the property tax capitalisation rate. In this research, 32,101 apartment samples in Seoul are used for the analysis. Given these unique institutional circumstances, as a result of the analysis, the property tax capitalisation rate in Seoul was between 73.7% and 82.8% in the analysis periods.