Real Estate Calculators
Brokerage fee, acquisition/property tax and price per pyeong for real-estate deals, updated yearly.
Real Estate Guide
When buying or selling a home, the brokerage fee calculator applies the tiered rate cap by transaction amount to estimate the agent's commission, while the acquisition tax calculator shows what you owe at the point of purchase.
For a property you already hold, annual property tax is handled by the property tax calculator, and high-value homes or land above a certain official price need the separate comprehensive real estate holding tax calculator. The price-per-pyeong calculator converts a total sale or pre-sale price into a per-pyeong (3.3 m²) unit price for comparing listings.
Real-estate tax rates and deductions vary widely with personal factors like single-household ownership status, holding period and whether the property sits in a regulated area, so treat results as rough references and confirm with a licensed agent or tax professional before an actual transaction.
Buying brings acquisition tax, holding brings property tax and comprehensive real estate tax, and selling brings capital gains tax. Each stage uses a different base: the purchase price, the published price, and the actual gain respectively.
Acquisition tax rates rise sharply with the number of homes owned and whether the area is regulated. A single home follows band rates, while multiple holdings or corporate ownership draw heavy rates, with local education tax and special rural development tax on top.
Property tax falls on whoever owns the home on 1 June each year, so whether the closing date crosses that line decides who pays — worth settling at contract. Single-home owners receive a special rate and a lower fair market value ratio.
For capital gains tax, holding period and residence period move the bill substantially. Meeting the single-household exemption leaves only the portion above the high-value threshold taxable, and the long-term holding deduction rates count holding and residence separately.
Brokerage fees are negotiated within a ceiling rate set by transaction band. The ceiling is a maximum, not an automatic rate, so agreeing the amount in writing before contracting is the safer course.
In a jeonse contract, protecting the deposit comes first: move-in registration and a fixed date secure opposing power and priority repayment, and the register's senior encumbrances should be checked against the deposit size.
Area units differ between contracts and listings. Registers state square metres while advertising often uses pyeong, and mixing exclusive area with supply area means the same nominal size can deliver different usable space.
Comprehensive real estate tax is charged separately from property tax where total published prices exceed the threshold. Single-household owners receive a larger deduction, and credits apply for older and long-term owners, so the same home can be taxed very differently.
Lease renewal brings the renewal request right and the rent increase cap into play together: a tenant may demand renewal a set number of times, and increases at renewal are capped. Where a landlord refuses on grounds of occupying the property, both the grounds and subsequent occupancy come into question.
Where the closing date and the registration date differ, so does the moment ownership transfers. Near a tax assessment date, a single day can change who owes the tax, which makes scheduling worth coordinating.
Alongside tax, the funding plan filing matters in a property purchase. Above certain amounts, or in regulated areas, the source of funds must be declared, and a mismatch between the filing and the actual flow can lead to a presumption of gift. Money from family is safer documented with a loan agreement and a record of interest paid.
The published price is the base for holding taxes and differs from the market price. It is announced annually with its own objection window, and because a rise lifts both property tax and health insurance premiums, owner-occupiers feel effects beyond tax alone.
The monthly rent tax credit is available to a non-homeowning householder within the salary threshold. The address on the lease must match the resident registration, and proof of payment such as transfer records is required, while interest on a jeonse loan carries a separate income deduction.