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#종부세 2 posts

Korea's Property Holding Tax: The 1.2bn Won Deduction and 60% Ratio

A single-home household pays no jongbuse (comprehensive real estate holding tax) below 1.2 billion won in assessed value, and only 60% of the excess enters the tax base. A 2bn-won home computes to 2.76 million won. Every step calculated.

Policy & RatesAug 27, 20267 min

How Korea's Comprehensive Real Estate Tax Works: 1.2B Deduction, Rates

Jongbuse sums a person's declared home values, subtracts 1.2 billion won for one-home owners (900 million otherwise), and multiplies the rest by a 60% fair-market ratio to set the tax base. Rates run 0.5-2.7%, up to 5% for three-plus homes — worked by declared-value case.

Policy & RatesJul 25, 20264 min