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South Korea Single-Family Homeowners Pay Average 1.12M Won Annually in Property Tax in 2025, Up 230K Won Year-over-Year

2026-07-21 05:58:42

According to Participatory Democracy Center's analysis of 2025 South Korean tax statistics, single-family homeowners paid an average of 1.12 million won annually in comprehensive real estate tax last year, up 230,000 won from 2024, or approximately 90,000 won per month. Only about 1% of the nation's 16 million residential property owners are subject to property tax as single-family homeowners. In Seoul, single-family property tax payers represent 4.5% of 2.659 million homeowners. The analysis found that overlapping application of elderly and long-term holding tax deductions—allowing reductions of up to 80%—results in owners of 4-billion-won apartments paying as little as 90,000 won monthly.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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