Utilz
Acquisition Tax Calculator
Estimate Korean property acquisition tax
Why Use This Tool?
- Know your total acquisition cost before purchasing property.
- Understand how multi-home and regulated area surcharges apply.
- See the breakdown of acquisition tax, education tax, and rural tax.
Calculation
Residential 1st home: 1-3% (varies by value). Education tax: ~10% of acquisition tax rate. Rural tax: 0.2% for higher-rate properties. Multi-home surcharges: 8% (2nd) or 12% (3rd+) in regulated areas.
How to Use
- Enter the property value
- Select property type (residential, commercial, land)
- For residential: select number of homes and regulated area
- View acquisition tax, education tax, rural tax, and total
FAQ
What is acquisition tax?
Acquisition tax (취득세) is a tax paid when purchasing property in Korea. The rate depends on property type, value, number of homes owned, and whether the area is regulated.
What rates apply to residential property?
For a 1st home: 1% up to 600M KRW, 1-3% for 600M-900M, and 3% above 900M. Multi-home in regulated areas: 8% (2nd home) or 12% (3rd+ home).
What is the rural special tax?
Rural special tax (농어촌특별세) is 0.2% and applies when the acquisition tax rate is 2% or higher.