The Democratic Party of Korea is urging the government to set the basic deduction for the comprehensive real estate tax at 1.4 billion Korean won for all single-homeowners, regardless of residency status. The government’s current reform proposal sets the deduction at 1.4 billion won for resident owners and 1.2 billion won for non-resident owners. Democratic Party lawmaker Kim Young-bae, chairman of the party’s Seoul Metropolitan Party, said the party raised the issue at a high-level party-government consultation at the Seoul Government Complex on the day before November 9. The party says equal treatment should accompany measures addressing housing-market access, jeonse and monthly-rent pressures, while also protecting single-homeowners and stabilizing prices. The issue is expected to become a major point of contention as the National Assembly’s National Policy Committee considers the tax revision bill during the third and fourth weeks of November. Kim said the fourth week of November is the deadline, with further party-government consultations likely, although he said he did not know how the government had responded. Democratic Party lawmakers view the tax reform as linked to the April 2028 general election. Kim said discussions were taking place among individual lawmakers in Seoul and other regions, including Gyeonggi, although no comprehensive debate was planned at the Seoul Metropolitan Party level.