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Korea Property & Holding Tax Calculator

Estimate South Korea’s 2026 property tax (July and September) and comprehensive real estate holding tax (December) from official assessed prices, with one-home rules and a co-ownership comparison.

Homes you own

South Korea · 2026 tax year

Your whole household owns only this one home (one-household-one-home). Property tax uses a 43–45% ratio and the holding tax deducts ₩1.2 billion.

Official assessed price (KRW)

The government-assessed housing price as of June 1, not the market price.

Last year’s assessed price (optional, KRW)

If entered, the tax-base cap (last year’s base + 5%) is checked.

Include the urban area levy (0.14%)

Holding tax credits (one-household-one-home)

Age (full years, as of June 1)

20–40% credit from age 60

Years held

20–50% credit from 5 years

Tax burden cap (optional)

Last year’s property tax + holding tax (KRW)

Enter last year’s property tax (without the urban levy) plus holding tax (without the rural surtax). Anything above 150% of it this year is cut. The law recalculates last year under last year’s rules, so the bill may differ.

2026 holding taxes in South Korea (estimate)₩4,120,200Property tax ₩3,429,000 · Holding tax ₩691,200

July property tax (1/2)₩1,714,500
September property tax (1/2)₩1,714,500
December holding tax + surtax₩691,200

Property tax

Assessed price: ₩1,500,000,000
Tax base (price × 45%)Korea Local Tax Act Art. 110 · Local Tax Act Enforcement Decree Art. 109: ₩675,000,000
Property tax (standard rate)Korea Local Tax Act Art. 111: ₩2,070,000
Urban area levyKorea Local Tax Act Art. 112: ₩945,000
Local education tax (property tax × 20%)Korea Local Tax Act Art. 151: ₩414,000
Property tax total: ₩3,429,000

Comprehensive real estate holding tax (1 home)

Total assessed price (your shares)Comprehensive Real Estate Holding Tax Act Art. 8: ₩1,500,000,000
One-home deduction: −₩1,200,000,000
Tax base (× 60%)Comprehensive Real Estate Holding Tax Act Art. 8 · Holding Tax Act Enforcement Decree Art. 2-4: ₩180,000,000
Computed tax (rate for up to 2 homes)Comprehensive Real Estate Holding Tax Act Art. 9: ₩900,000
Credit for property tax already leviedLevied property tax ₩2,070,000 × ₩324,000 ÷ ₩2,070,000 (numerator = tax base ₩180,000,000 × 45% × 0.4%) · Comprehensive Real Estate Holding Tax Act Art. 9 · Holding Tax Act Enforcement Decree Art. 4-3: −₩324,000
Age 0% + holding period 0% = 0%Comprehensive Real Estate Holding Tax Act Art. 9: −₩0
Comprehensive real estate holding tax: ₩576,000
Rural development surtax (holding tax × 20%)Special Tax for Rural Development Act Art. 5: ₩115,200
Holding tax total: ₩691,200

Property tax is paid July 16–31 (₩1,714,500) and September 16–30 (₩1,714,500); the holding tax is paid December 1–15.
The one-home special property tax rate (assessed price up to ₩900 million) is valid only for tax liabilities arising by 2026-12-28. Whether it applies in 2027 depends on an extension.
The tax burden cap (150% of last year) is applied only if you enter last year’s amount; otherwise no cap is applied.
Property tax or holding tax above ₩2.5 million can be paid in installments (within 3 months for property tax, 6 months for holding tax).
Your bill may also include a small regional resource facility tax on the building, which needs the building’s standard value and is left out here.
Individuals only. Corporations, excluded rental homes, reductions and locally adjusted rates or urban levies are not reflected. Your inputs never leave this browser.

Hometax holding tax simulator Wetax property tax lookup Local Tax Act (Korean text)Holding Tax Act (Korean text)

An estimate for South Korea’s 2026 tax year, checked against the Local Tax Act, the Comprehensive Real Estate Holding Tax Act and their decrees and rules on 2026-10-02 (holding tax deduction ₩1,200,000,000 for one-household-one-home, ₩900,000,000 otherwise). This is not an official bill or tax advice.

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How to use

Everything you enter is processed only in this browser.

Choose how you own it: one home, co-owned by a married couple, or several homes
Enter the official assessed price and, for one home, your age and years held
Check July and September property tax and December holding tax with each legal step

How it works and good to know

Based on South Korea’s 2026 tax year. The property tax base is the assessed price × a fair market value ratio (43–45% for one-household-one-home, 60% otherwise), and a one-home property assessed at ₩900 million or less uses the special rate (valid for liabilities arising by 2026-12-28). The urban levy (0.14%) and local education tax (20%) are added, and half is paid in July and half in September. The comprehensive real estate holding tax is (total assessed price − ₩1.2 billion or ₩900 million) × 60% at the rate for up to two homes or three or more, minus the property tax already levied and the one-home age and holding credits (80% combined cap), plus a 20% rural development surtax. For a married couple, both each-spouse ₩900 million deductions and one-home treatment are calculated and compared. The regional resource facility tax is left out and the burden cap is applied only if last year’s amount is entered. This is not an official bill, and inputs never leave your browser.

Korea Property & Holding Tax Calculator

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