Half of July's bill comes again in September — the second property tax installment and the ₩2.5M split
If you paid property tax in July and another bill arrived in September, it is not double taxation. Housing property tax is split in two halves, 16 to 31 July and 16 to 30 September, and if the tax is ₩200,000 or less it comes once in July. The September bill carries the remaining half plus the land portion, so anyone with land sees a larger September bill.
Conditions used in the video
- Assessment date
- owner on 1 June
- Housing deadlines
- 16 to 31 July · 16 to 30 September (half each)
- Single bill
- housing tax ₩200,000 or less → July
- September bill
- remaining half of housing + land portion
- Split threshold
- tax above ₩2.5M
- Surcharge
- 3% after the deadline
Results
- July
- half of the housing property tax
- September
- the other half of housing + land
- ₩200,000 or less
- once, in July
- Above ₩2.5M up to ₩5M
- portion above ₩2.5M deferred two months
- Above ₩5M
- up to half deferred two months
- One day past the deadline
- 3% surcharge
Why it works this way
If you paid property tax in July and another bill came in September, it is not a double charge. Housing property tax is split into two halves.
Local Tax Act Article 115(1).
- 16 to 31 Julyhalf of the housing portion
- 16 to 30 Septemberthe other half + the land portion
- ₩200,000 or lessonce, in July
For anyone with land, the land portion lands in September, making it larger than July.
Tax above ₩2.5M can be split. Up to ₩5M, the portion above ₩2.5M is deferred; above ₩5M, up to half, for two months from the day after the deadline. The application is filed within the deadline.
Local Tax Act Article 118 · Local Tax Collection Act Article 30.
- Above ₩2.5M up to ₩5Mportion above ₩2.5M deferred two months
- Above ₩5Mup to half deferred two months
- Even one day late3% surcharge
Property tax is paid by the owner on 1 June. If you sold in May, the bill belongs to the buyer.
The legal basis
Drawn from government announcements and the statutes themselves as primary sources, covering only the relevant part.
Local Tax Act Article 114 · Article 115(1) (Assessment date · Deadlines)
In force Current (checked 2026-09-05)
The property tax assessment date is 1 June each year. For housing, half the tax is due 16 to 31 July and the rest 16 to 30 September. If the tax is ₩200,000 or less it may be billed and collected at once in July. Land is due in September.
What this means
The September bill is the second half. The single day of 1 June decides that year's taxpayer.
Local Tax Act Article 118 · Local Tax Collection Act Article 30 (Split payment · Surcharge)
In force Current (checked 2026-09-05)
Where the tax exceeds ₩2.5M, part may be paid within two months from the day after the deadline: the portion above ₩2.5M if the tax is ₩5M or less, up to 50% if above ₩5M. A 3% surcharge applies after the deadline.
What this means
₩2.5M is the door to a split, and one day late adds 3%. The application must be filed within the deadline.
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 Property Tax Calculator
Frequently asked
My September bill is larger than July's. Is that wrong?
No. September carries the remaining half of the housing portion plus the land portion. With land, September is larger.
Why did I get only one bill in July?
If the housing tax is ₩200,000 or less it is billed once in July. No housing bill comes in September.
How do I apply for a split?
If the tax exceeds ₩2.5M, file a split application within the deadline. Up to ₩5M the excess over ₩2.5M is deferred; above ₩5M up to half, for two months.
I sold the home in June but got a bill.
The assessment date is 1 June, so whoever owns on that day pays that year's tax. If you sold on 2 June or later, it is the seller's.
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.