A ₩610M home is not taxed at 1% — between ₩600M and ₩900M, acquisition tax is a slope, not steps
For a first home the acquisition tax rate is 1% up to ₩600M and 3% above ₩900M, and in between it is a formula rather than brackets. Each ₩10M of price nudges the rate up: ₩610M is 1.0667% and ₩750M is 2%. The base tax is ₩6M at ₩600M, ₩6,506,870 at ₩610M, ₩15M at ₩750M and ₩27M at ₩900M, and even ₩1M over ₩900M stays at 3%.
Conditions used in the video
- Basis
- one home · non-regulated area · 85㎡ or less
- Up to ₩600M
- 1%
- Over ₩600M up to ₩900M
- (price × 2/₩300M − 3) ÷ 100
- Over ₩900M
- 3%
- Local education tax
- about 10% of the rate (0.1 to 0.3%)
- Heavy rates
- regulated area: second home 8% · third home 12%
Results
- ₩600M
- 1% · ₩6M
- ₩610M
- 1.0667% · ₩6,506,870
- ₩750M
- 2% · ₩15M
- ₩900M
- 3% · ₩27M (₩1M over is still 3%)
- ₩600M · second home, regulated
- 8% · total ₩50.4M
- ₩600M · third home, regulated
- 12% · total ₩74.4M
At a glance
1% up to ₩600M, 3% above ₩900M, rising by formula in between.
Why it works this way
A ₩600M home pays 1% acquisition tax and a ₩900M home pays 3%. So what does a ₩610M home pay? 1.0667%. Between ₩600M and ₩900M the rate is a formula, not brackets, so each ₩10M of price nudges it up a little.
The formula in Local Tax Act Article 11(1)8.
- ₩600M1% · ₩6M
- ₩610M1.0667% · ₩6,506,870
- ₩750M2% · ₩15M
₩900M is 3%, ₩27M, and ₩1M over ₩900M is still 3%.
That is the one-home case. The same ₩600M home as a second home in a regulated area is 8%, ₩50.4M including local education tax, and as a third home 12%, ₩74.4M. Local education tax and, over 85㎡, rural special tax are added.
Local Tax Act Article 13-2 · totals include local education tax.
- One home1% · base ₩6M
- Second, regulated8% · total ₩50.4M
- Third, regulated12% · total ₩74.4M
The legal basis
Drawn from government announcements and the statutes themselves as primary sources, covering only the relevant part.
Local Tax Act Article 11(1)8 (Rate on purchased housing)
In force Current (checked 2026-09-05)
1% up to ₩600M. Over ₩600M up to ₩900M: (price × 2/₩300M − 3) × 1/100. Over ₩900M: 3%.
What this means
Between ₩600M and ₩900M it is a formula, not a table. Each ₩10M of price adds 0.0667 points to the rate.
Local Tax Act Article 13-2 (Heavy rates for corporations and multiple-home owners)
In force Current (checked 2026-09-05)
Regulated area: second home 8%, third or more 12%. Non-regulated: third home 8%, fourth or more 12%.
What this means
The same ₩600M becomes 1%, 8% or 12% by house count. Count and area come before price.
Run it on your own numbers
The calculator opens with these conditions already filled in. Change the figures and your own case comes straight out.
Open the Home Acquisition Tax Calculator
Frequently asked
Why is ₩610M taxed at 1.0667%?
Between ₩600M and ₩900M the rate is (price × 2/₩300M − 3) ÷ 100. Putting in 6.1 gives (6.1 × 2/3 − 3) = 1.0667.
Does the tax jump if I go slightly over ₩900M?
No. The rate already reaches 3% at ₩900M, so ₩901M is also 3%. The rise happens along the slope between ₩600M and ₩900M.
Is a ₩600M home taxed at 8% as a second home?
In a regulated area, a second home is 8% and a third 12%. Outside regulated areas, up to two homes stay at 1 to 3% and 8% starts with the third.
How much is local education tax?
0.1 to 0.3% depending on the acquisition tax bracket. Over 85㎡, rural special tax of 0.2% is added.
Results are estimates based on the inputs and on the rules as at the stated date. They may differ from a lender's actual assessment, and the rules change often. Take professional advice before any decision that matters.