How it works
Korea Home Property Tax Calculator formula
Official value × fair-market ratio × progressive rate + surtaxes
For 2026, fair-market ratios of 43–45% apply to eligible one-home households; the general ratio is 60%.
Property calculator
Korea Home Property Tax Calculator
Estimates property tax, local education tax and urban-area tax using a home’s official assessed value.
STEP 1
Enter your values
RESULT
₩1,260,000Estimated amount excluding regional resource tax
Estimate based on the calculated property-tax base.
Property tax₩630,000
Local education tax₩126,000
Urban-area tax₩504,000
Fair-market ratio45%
Tax-burden caps, regional resource tax, joint ownership and local ordinances are excluded. Comprehensive real estate holding tax is separate.
Example
Example calculation
For an eligible one-home household with an official value of KRW 800m, the tax base uses a 45% ratio, or KRW 360m.
- Standard
- Simplified 2026 South Korea Local Tax Act estimate
- Last reviewed
- August 10, 2026
Standards and sources
Calculated from official or reliable reference material.
Questions
Korea Home Property Tax Calculator FAQ
What should I enter in the Korea Home Property Tax Calculator?
Enter the requested values and the result will update immediately. Review the formula, assumptions and exclusions below the result.
Is the result an official amount?
No. It is an estimate based on the entered conditions and stated assumptions. Confirm important tax, insurance, employment or financial decisions with the relevant institution or a qualified professional.
Are Korean rules used?
Yes. This calculator applies commonly applicable South Korean rules reviewed for 2026.
Related searchesKorea property taxofficial home valueapartment holding taxlocal tax
Useful next steps