More than 870-thousand houses in Seoul saw their property tax surge to the upper limit of 30 percent this year as their declared value exceeded 600 million won.  

According to data released by a main opposition People Power Party lawmaker, property taxes rose by the maximum 30 percent for 872-thousand-1-hundred-35 homes in Seoul.

The figure is up nearly 22 times from the 44-thousand-and-six houses that qualified for the threshold in 2017. The declared value of homes jumped on the back of rising house prices despite the Moon Jae-in government's efforts to curb them. 

The combined property tax value, meanwhile, reached nearly 756 billion won, up more than 25 times the equivalent figure in 2017.