Korea Home Acquisition Tax Calculator
Estimate Korean home acquisition tax, local education tax and rural special tax from price, number of homes, regulated-area status and first-home relief.
- Finance, tax, salary, and settlement outputs are simple estimates from your inputs. Check official rules or a professional before filing, investing, borrowing, or contracting.
Estimate Korean home acquisition tax, local education tax and rural special tax from price, number of homes, regulated-area status and first-home relief.
Example Korea Home Acquisition Tax Calculator result Acquisition tax rate: 2.3333% Acquisition tax: 18,666,400 Local education tax: 1,866,640 Total estimate: 20,533,040 Next step: Continue with the brokerage fee calculator to add the agent's fee.
How to use Korea Home Acquisition Tax Calculator
Estimates Korean home acquisition tax, local education tax and rural special tax from the purchase price, number of homes and regulated-area status.
It applies standard rates of 1% up to 600 million, (price × 2/300 million − 3)% up to 900 million and 3% above, heavy rates of 8% and 12% for multiple homes and corporations, and first-home relief.
- Enter the purchase price.
- Choose how many homes you will own after buying and mark regulated areas for two or three homes.
- Select whether the unit exceeds 85 m² and whether first-home relief applies.
- Review the tax rate, each tax and the total estimate.
Useful for
- Budgeting taxes on top of the purchase price before buying
- Checking whether an additional home triggers heavy rates
Limits and checks
- Regulated-area designations change often, so check the status as of the contract date.
- Temporary two-home owners keep the one-home rate if the old home is sold in time; missing the deadline can trigger back taxes.
Worked example
KRW 800 million apartment as the only home
Purchase price: 800,000,000 Homes after purchase: 1 Over 85 m²: no First-home relief: off
Prices between 600 and 900 million use a rate proportional to the price.
Home acquisition tax result
Acquisition tax rate: 2.3333% Acquisition tax: 18,666,400 Local education tax: 1,866,640 Total estimate: 20,533,040
No rural special tax applies because the unit is 85 m² or smaller.
Common issues
An 800 million home is not taxed at 1% or 3%
Between 600 and 900 million the rate scales from 1.01% to 2.99%; at 800 million it is about 2.3333%.
First-home relief leaves education tax unchanged
When the tax exceeds KRW 2 million, only 2 million is deducted from acquisition tax and education tax uses the pre-relief amount.
How to interpret the result
The tax must be filed and paid within 60 days of acquisition, usually the balance payment date, so include it in your funding plan.
Related workflow
Continue with the brokerage fee calculator to add the agent's fee.
Privacy and review notes
Price, home count and relief options are calculated in your browser and kept only in the page address; ToolBada does not receive them.
Basis and limitations
Basis
- The tool applies user-entered amounts, periods, rates, and selected conditions to the calculation described on the page.
- The displayed result is a reference estimate based on that tool's formula and stated input assumptions.
Limitations
- Actual tax rules, deductions, exchange rates, fees, institution policies, and market prices can change by date and personal case.
- Do not use the output as the final basis for filing, investing, borrowing, contracting, salary negotiation, or legal commitments.
Official check
- Before filing or making financial decisions, verify with official agencies, financial institutions, exchanges, or qualified experts.
References and methodology
- Official external source: Wetax local tax portal — The Ministry of the Interior and Safety portal for local tax rates, reliefs and filing deadlines.
- Official external source: Korea National Tax Service — The official source for Korean national-tax rates, filing schedules, deductions, and calculators.
- Official external source: FSS Financial Consumer Information Portal — The Financial Supervisory Service portal for final checks on financial products and transactions.
Verification label: The build automatically checks risk classification, required evidence fields, and official-link format. This does not mean a licensed medical, legal, tax, or other professional individually reviewed the tool output.
FAQ
What is the tax on a KRW 600 million apartment?
For a single home, 1% acquisition tax of 6 million plus 600,000 education tax totals 6.6 million; above 85 m² rural special tax adds 1.2 million.
What rate applies to a second home in a regulated area?
The heavy 8% rate plus 0.4% education tax applies, so an 800 million home costs 67.2 million in total up to 85 m².
How much is first-home relief?
First-time buyers of homes up to 1.2 billion pay no acquisition tax when it is 2 million or less; otherwise 2 million is deducted, so a 700 million home totals 10,833,590.