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How do taxpayers pay the Deed Tax?

The taxpayer shall report the transactions of immovables and pay deed tax. Taxpayers shall pay the tax assessed by the real estate assessment committee. The value of a deed is the standard price determined by the local real property assessment committee. For real estate acquired at the court auction or bid from the government agency, if the sale value is higher than the standard price determined by the local real estate assessment committee, the deed tax shall be imposed according to such standard price, unless the taxpayer is willing to pay the tax in accordance with the actual price. On the other hand, if the sale value is lower than the standard price, the deed tax shall be imposed according to the actual price.