Frequently Asked Questions (Property Tax)

QuestionPlease tell me about the special provisions for Property Tax on residential land.

Response

For residential land, special measures are applied by dividing it into "small-scale residential land" and "general residential land" based on its size, due to the need to particularly reduce the tax burden.

1. Small residential land... A special measure that sets the price at one-sixth of the amount for residential land of 200 square meters or less (for areas exceeding 200 square meters, up to 200 square meters per housing unit).
2. General residential land... For residential land other than small-scale residential land, a special measure is applied where the amount is one-third of the price (e.g., for a 300 square meter residential land, 200 square meters is considered small-scale residential land, and the remaining 100 square meters is general residential land).