Acquisition Tax Calculator
Calculate Korean property acquisition tax automatically. Check acquisition tax, local education tax, and rural special tax based on number of houses, area, and region.
About This Tool
The Acquisition Tax Calculator estimates the taxes and fees due when purchasing property in Korea. It calculates acquisition tax, local education tax, and special rural development tax based on the property type, price, and your homeowner status. Plan your total purchase budget beyond just the property price.
How to Use
- Enter the purchase price in Korean Won (KRW).
- Select the number of houses you currently own.
- Select the exclusive area of the property.
- Choose whether the property is in a regulated area.
- Check the box if this is your first home purchase.
- Click Calculate to see the total acquisition tax.
Frequently Asked Questions
What is acquisition tax?
Acquisition tax is a local tax imposed when acquiring assets such as real estate, vehicles, or machinery in South Korea. The buyer must report and pay the tax within 60 days of the acquisition date.
How is the acquisition tax rate determined?
The tax rate depends on the purchase price, the number of houses already owned, and whether the property is in a regulated area. For a single home, rates range from 1% to 3%. Multi-home owners face rates of 8% or 12% depending on the regulation zone.
What is the first-time homebuyer discount?
First-time homebuyers in Korea can receive a tax reduction of up to 2 million KRW on acquisition tax for properties priced at 1.2 billion KRW or less. Neither the buyer nor their spouse should have previously owned a home.
What are local education tax and rural special tax?
Local education tax is a surcharge equal to 10% of the acquisition tax amount. Rural special tax is 0.2% of the purchase price, applicable only to properties larger than 85 square meters. Both are paid together with the acquisition tax.
What is the deadline for reporting acquisition tax?
You must report and pay within 60 days from the acquisition date (the earlier of the final payment date or registration date). Late reporting may result in penalty surcharges.
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How It's Calculated
Acquisition tax rates for housing in Korea vary by property value and number of homes owned:
• 1-home purchase: - ≤₩600M: 1% - ₩600M–₩900M: 1–3% (sliding scale) - >₩900M: 3%
• 2nd home (regulated area): 8% • 3rd+ home (regulated area): 12%
Additional taxes: - Local Education Tax: 0.1–0.4% of property value - Special Rural Development Tax: 0.2% (for properties >₩600M)
Total Tax = Acquisition Tax + Local Education Tax + Special Rural Development Tax. The calculator also factors in whether the area is designated as a regulated zone.
⚠️ Disclaimer
Acquisition tax rates depend on government regulations that change frequently, including regulated area designations. Special exemptions may apply for first-time buyers, newlyweds, or certain property types. Confirm the applicable rate with your local tax office before closing.
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