K Real Estate

Property tax calculator

See the taxes you pay when buying, owning and selling.

M ₩₩900M
homes
Estimated annual holding tax
₩1.5M
Property tax
₩787,500
Urban area tax
₩567,000
Local education tax
₩157,500
Comprehensive real estate tax
₩0
Rural special tax
₩0
  • One-home fair market value ratio of 45% applied to property tax
  • Reduced property tax rate for one home with official price up to ₩900M

Payment schedule

  • July
    Property tax, 1st installment (buildings + half of housing)
    Jul 16–31
    ₩756,000
  • September
    Property tax, 2nd installment (land + half of housing)
    Sep 16–30
    ₩756,000
  • December
    Comprehensive real estate tax + rural special tax
    Dec 1–15
    None
  • Annual total₩1.5M
  • Property tax on a home is split in half between July and September. If it is ₩200,000 or less, it may be billed in full in July.
  • Comprehensive real estate tax is due Dec 1–15. If it is over ₩2.5M, you can pay it in installments within 6 months.

These results are estimates for reference only. Actual taxes and limits depend on your situation and current law. Check with a tax accountant or lender before making decisions.