Real Estate Calculator 2026 - South Korea

Calculate Korean property taxes: local property tax (0.1%-0.4%) + urban tax + education tax, and total national real estate tax for values over ₩9,000M. Based on official cadastral value.

Information about a fixed asset

Official Catastrophic Value, Not Market Value. Verify on realty.kab.co.kr.
Property owners of multiple properties are subject to higher tax rates (1.2%-6%) for the overall property tax.

Annual Property Tax

Annual Total Setup
₩ 883,800
Assessed base (catastrophic value x 60%)
₩ 300,000,000
Property Settings
₩ 570,000/anno
Urban setting (14%)
₩ 79,800/anno
Local Educational Setting (20%)
₩ 114,000/anno
Fire safety settings / Local resources
₩ 120,000/anno
Total Local Taxes (Property + Extras)
₩ 883,800/anno
Total Property Tax
Not Applicable (Below ₩900M)
Effective Quota0.18%
Overall imposed threshold₩1.2B

Come utilizzare Calcolatore Imposta Immobiliare 2026 - Corea del Sud

Insert official cadastral value

Insert the verified value of your property's government-issued Korean won, not market value. This is the published value by the Ministry of Infrastructure and Transport.

Select property type and ownership

Choose between residential (single or multi-unit), commercial, or land. Activate the option if you own multiple properties for highest tax rates on total property tax.

Verify property setting, total and annual overall settings

Check the local property tax with all local additional taxes and, if applicable, the total national residential tax including agricultural tax. The annual total tax is the sum of both.

Suggerimenti

  • Check your official property value annually on Realty Open Market (realty.kab.co.kr).
  • Concise length maintained. Tax deductions for long-term imprisonment and seniority can reduce the total property tax by up to 80% for single-home owners who are eligible.
  • Tax relief is expected for properties with annual tax burden exceeding 150% of last year's tax.
  • Consider the total tax burden when investing in real estate: rental income, capital gains tax, and annual property taxes all contribute to the total.

Domande frequenti

What is the difference between real estate tax and comprehensive property tax?

Property Tax - A local tax on all properties (residential, commercial, land). Comprehensive Real Estate Tax (also known as Land Value Tax) is a national tax targeting high-value real estate. The Comprehensive Real Estate Tax applies only when the assessed value of residential properties exceeds ₩900M (or ₩1.2B for 1-home owners).

What is the official assessed value?

The official assessed value is the government-assessed market value of a property, determined annually by the Ministry of Land, Infrastructure and Transport. For apartments, it is the condominium assessed value. For individual houses, it is the individual assessed value. Property taxes are calculated based on 60% of this value.

When are property taxes due in Korea?

Property tax is levied twice yearly: in July (buildings, half) and September (land plus the remaining half of buildings). The comprehensive real estate tax is levied in November-December. Both taxes are based on ownership as of June 1 of the tax year.

What additional taxes apply beyond property tax?

Property tax comes with additional local taxes: urban area tax (14% of property tax), local resource tax (varies), and local education tax (20% of property tax). Together these increase the effective property tax by about 34%.

How does comprehensive property tax work for multi-home owners?

Comprehensive real estate tax rates are much higher for multi-home owners (3+ homes or homes in regulated areas): 1.2%-6% compared to 0.5%-2.7% for single-home owners. The government uses this progressive structure to discourage property speculation. There is an annual 25% tax credit for long-term single-home owners aged 60+.