재산세 조회, 납부방법 및 납부시기 Property tax inquiry, payment method and payment period

From July to September 2023, you will have to pay property taxes on assets you own, such as apartments, land, commercial buildings, and officetels. We have checked in detail below about the 2023 property tax payment period and how to check the standard tax amount (land and building calculator).

재산세 조회

재산세 조회

2023 property tax payment period, how to check the standard tax amount (land, building calculator)
What is property tax?

Property tax is one of the local taxes and is levied on property owned such as land, buildings, apartments, buildings, houses, ships, and aircraft.
If you own property as of June 1st of each year, you are obligated to pay property tax and are subject to property tax.

Check 2023 property tax payment period and standard tax amount (land, building calculator)
Property tax is calculated by multiplying the tax base determined by law by the tax rate for each property, and the tax rate varies for each property.
Generally, for the apartment I own, I have to pay 1/2 property tax each in July and September.

How to check the publicly announced land price of an apartment in 2023 (view the publicly announced price of an apartment complex)

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Property tax payment due date in 2023

The 2023 property tax payment period is based on each property.

Category Payment period
Land: September 16 – September 30, 2023
Building: July 16 – July 31, 2023
Housing Apartment 1st Period July 16 – July 31, 2023
House, Apartment 2nd period September 16 – September 30, 2023
Aircraft July 16 – July 31, 2023
Vessel July 16 – July 31, 2023
As above, for houses, villas, apartments, etc., the tax is divided into half in July and September to reduce the payment burden.
The 2023 property tax payment period is between July 16 and July 31 for houses and apartments, and between September 16 and September 30.

If the apartment sale is completed on May 30th, the buyer must pay the property tax, and if the sale is completed on June 2nd, the seller must pay the property tax.

How to apply for property tax exclusion from calculation of number of houses (gift, special tax rate for one house per household)

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How to check property tax
There are three ways to check my property taxes.

How to check property tax with paper bill
Check apartment property tax on Witax website
Check property tax with smart Witax app

Here’s how to check detailed property tax.

1. How to check property tax with paper bill
First, property tax can be received by sending a paper bill to the address of the person payable in early July and early September.
The notice will be delivered to the address on the owner’s resident registration, and if it is not received, it can be reissued at the local community center or district office.
If you wish to change your address, you can do so through the ‘Delivery Location Change Application System’.

If you want to check your property tax before then, you can check it using the property tax calculator below.

Go to the 2023 Apartment Property Tax Calculator

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2. Check apartment property tax on Witax website
2. Check apartment property tax on Witax website
Go to Witax homepage
You can check your apartment property tax through the online Witax website.
You can check through [My Wi-Tax]-[Wi-Tax Notification]-[Local Tax Non-Tax Income Notification].

Issuance of property tax payment certificate online (where can I check issuance of delinquency?)

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3. Check property tax with smart Witax app
You can also view and pay property taxes through the Smart Witax mobile app.

3. Check property tax with smart Witax app
Install the Smart Witax app and log in with a joint certificate.
You can go to [Inquiry, Payment] to check your apartment or house property tax.

2023 comprehensive real estate tax subject, payment date, payment method (delay postponement)

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Calculation of property tax standard amount
The standard taxable amount for property tax is the standard market value, but for buildings, apartments, land, and houses, it is calculated by multiplying the standard market value by the fair market value ratio.
The fair market value ratio varies depending on the type of taxation.

Property tax standard amount = market standard amount

This is the calculation of the standard tax amount for each tangible property tax.

Comprehensive land share = [National combined publicly announced price x (1-exemption rate) – KRW 500 million]
Separately combined land portion = [National combined publicly announced price x (1-exemption rate) – KRW 8 billion]
Housing, such as apartments, = [National combined published price x (1-tax reduction rate) – KRW 600 million]
Corporate housing = [National combined published price x (1-reduction rate)] * 60% (no basic deduction)
Inquiry on individual publicly announced land prices in 2023 (differences from apartment and standard land prices?)

Fair market value ratio and basic deduction may vary depending on changes in tax laws.

Above, we have checked the timing of property tax payment in 2023 and how to check the standard tax amount (land and building calculator).