Acquisition Tax Calculator
Compute Korean real estate acquisition tax with surcharges. Enter the price, property type, number of homes owned, and adjusted-area status.
Use the contract price unless lower than the official assessed value, in which case the assessed value applies.
Total tax
5,500,000KRW
1.00% applied
- Acquisition tax
- 5,000,000KRW
- Education surtax
- 500,000KRW×10%
- Rural surtax
- 0KRWexempt
- Case
- Residential ≤ 600M — base 1%
- Effective rate (total / price)
- 1.10%
- Residential base progressive rate 1%
- Floor area ≤ 85㎡ — rural surtax exempt
What is acquisition tax?
Acquisition tax is a local tax levied when you acquire real estate. Residential transactions follow a 1–3% progressive scale (1% up to 600M KRW, 3% above 900M KRW). Multi-home buyers face surcharges of 8% or 12% in adjusted areas, while non-residential properties pay a flat 4%. All cases add a 10% education surtax on the acquisition tax and a 0.2% rural surtax (waived for residential homes ≤ 85㎡ at base rates).
Rate summary
| Case | Rate |
|---|---|
| Residential ≤ 600M — base 1% | 1.0% |
| Residential 600M–900M progressive (1–3%) | 1.0% – 3.0% (linear progressive) |
| Residential > 900M — base 3% | 3.0% |
| Multi-home surcharge 8% | 8.0% |
| Multi-home surcharge 12% | 12.0% |
| Non-residential flat 4% | 4.0% |
All cases add a 10% education surtax (on acquisition tax) and a 0.2% rural surtax (on price), except residential ≤ 85㎡ at base rates.
Frequently asked questions
- When is acquisition tax due?
- Within 60 days from the acquisition date (the earlier of balance payment or registration). Late filing triggers a 20% no-filing penalty plus daily late-payment surcharges.
- How do I check whether an area is adjusted?
- The Ministry of Land, Infrastructure and Transport publishes the list. As of January 2024 only Seoul Gangnam, Seocho, Songpa, and Yongsan are designated; everywhere else is non-adjusted. Confirm at the time of purchase as designations change frequently.
- What about temporary 2-home status?
- If you commit to disposing of the existing home within a set window (commonly 2 years), the new acquisition is treated under base progressive rates. This calculator does not model the special case — confirm with the local district office.
- Are there first-time-buyer reductions?
- Time-limited programs exist subject to income, price, and timing requirements. This calculator does not apply them — check the Korea Real Estate Board or Ministry of Interior and Safety.
Reference only. Covers paid-acquisition (sale) only — inheritance and gift acquisitions use different rates. Temporary 2-home special, first-time-buyer / newlywed reductions, the contract-vs-assessed-value comparison, agricultural-land rates, and the corporate flat 12% are not modeled. Confirm the actual amount at your local district office or Wetax.