Enter your home's government-assessed standard value and fair market value ratio to estimate the taxable base, the calculated property tax, the local education tax, and the total tax due including the urban area tax.
Enter the assessed value to calculate the property tax.
This is a simplified estimate only. It applies Korea's standard housing property tax rates (0.1-0.4%) — or the special reduced rate (0.05-0.35%) for single-house households with a home assessed at ₩900 million or below — as progressive rates on the taxable base (assessed value × fair market value ratio), then adds the local education tax (20% of the calculated tax) and, if applicable, the urban area tax (0.14% of the taxable base) to get the total tax due. Property tax is assessed based on ownership as of June 1 each year, and the total due is typically billed in full in July if ₩200,000 or below, or split evenly between July and September if higher. This does NOT account for the year-over-year tax burden cap, land/buildings/ships/aircraft or other non-housing property, multi-unit or multiplex housing requiring separate assessment, or local-government exemptions and reductions — so your actual bill may differ. The fair market value ratio and tax rates can change under government policy or local ordinances, so check the current official figures via WeTax (위택스) or your local government before entering them. Confirm your exact tax liability via WeTax or a licensed tax professional. This is not legal or tax advice.