2026 Korean Property Acquisition Tax — Full Breakdown for 500M, 1B, and 1.5B KRW

In 2026, single-home buyers purchasing under 600M KRW pay a 1% acquisition tax; above 900M KRW the rate rises to 3%. Buying a second home in regulated zones triggers surcharge rates of 8%–12%.

2026 Korean Property Acquisition Tax — Full Breakdown for 500M, 1B, and 1.5B KRW

Key Summary Korea's property acquisition tax (취득세) in 2026 applies at 1–12% depending on property value and whether it is your first or additional home. A single home under KRW 600M pays 1%. A second home in regulated areas pays 8%. A third home or more pays 12%. Additional local education tax and special rural tax apply on top of the base rate.

Acquisition Tax Rates by Scenario (2026)

Scenario	Property Value	Base Tax Rate	Effective Total
1st home, under KRW 600M	KRW 500M	1.0%	~1.4%
1st home, KRW 600M–900M	KRW 700M	2.0%	~2.8%
1st home, over KRW 900M	KRW 1.0B	3.0%	~3.3%
2nd home (regulated area)	Any	8.0%	~8.8%
3rd home+ or corp purchase	Any	12.0%	~13.4%

Calculated Examples

Example 1 — First Home, KRW 500M

Acquisition tax: KRW 5M (1%)
Local education tax: KRW 500K (0.1%)
Total: approx. KRW 5.5M

Example 2 — First Home, KRW 1.0B

Acquisition tax: KRW 30M (3%)
Local education tax: KRW 9M (0.3%)
Special rural tax: KRW 1.5M (0.2%)
Total: approx. KRW 40.5M

Example 3 — Second Home, KRW 1.0B (Regulated Area)

Acquisition tax: KRW 80M (8%)
Local education tax: KRW 2.4M
Total: approx. KRW 84M

Key Exemptions and Reductions

First-time homebuyers purchasing under KRW 150M receive a 100% exemption. KRW 150M–300M homes qualify for 50% reduction. Newlyweds (married within 5 years) purchasing their first home jointly can receive reduced rates in some municipalities.