🏘️Korean Real Estate Tax Calculator
Compute Korean acquisition, transfer, and property taxes — single vs multi-home, holding period, capital gain progressive rates, and standard-value property tax.
How to use
- 1Pick the tax type tab (acquisition / transfer / property).
- 2Enter house status, price, and holding period.
- 3See main tax, local education tax, special rural tax, and total.
FAQ
What are acquisition tax rates?+
Single home under 600M won: 1%; 600M–900M: 2%; over 900M: 3%. Multi-home: 8–12%. Non-residential (commercial, officetel): flat 4%.
When is the 1-home transfer tax exemption available?+
Single-household, single-home with 2+ years of ownership, under 1.2B won. Adjusted areas also require 2 years of residence. This tool is a simplified estimate.
What's the long-term holding deduction?+
Starts at 6% from year 3 and accumulates yearly, reaching 30% at 15 years. For single-household single-home, special enhanced deductions apply (residence + ownership combined, up to 80%).
Property tax vs. comprehensive real estate tax?+
Property tax is levied by local governments on every home. Comprehensive real estate tax adds on top once public assessed value exceeds 900M won (1.2B for single-home owners). Computed separately.
Can I submit this result as-is?+
These are estimates. Adjusted areas, first-time buyer, heavy tax exceptions, and temporary 2-home rules are many — check Wetax/Hometax or a tax advisor for actual filing.
Where can I find the assessed value?+
Korea's official property price portal (realtyprice.kr) or Government24. Usually 70–80% of the actual transaction price.