Related posts · 5 posts

“1 to 3%” is right on average. Measure what another KRW 10m of price costs in tax and a different number appears.

Cross 85 square metres of exclusive area and the notice gains a line. On a KRW 900m home that is 1.8m won; under the 12% heavy rate, 9m.

The notice carries more than one tax. And between KRW 600m and 900m the rate is not in any table — it comes out of a formula.

Local education tax is not a share of the acquisition tax: the provision says “(rate − 2%) × 20%,” and homes use a different formula entirely.

That band has its own formula. And a single 85㎡ line decides ₩2 million.