Business · Economy · 2 hrs ago
Seoul apartment property tax hits record 3.27 trillion won
Seoul’s apartment property tax reached a record high this year, exceeding 3 trillion won for the first time.
The total amount assessed was 3.2723 trillion won, up 17.1% from last year.
The number of people assessed rose 3% to nearly 1.99 million, while the average bill climbed to about 1.65 million won, roughly 200,000 won higher than last year.
Gangnam, Seocho and Songpa accounted for 47.5% of the city’s total tax, although they had 23.5% of taxpayers.
The average assessment in those three districts was about 3.34 million won, compared with about 499,000 won in Nowon, Dobong and Gangbuk, a gap that widened to 6.7 times.
Apartment property tax in Mapo, Yongsan and Seongdong also rose 16.7%, passing 400 billion won for the first time.
Seoul apartment property tax reached a record 3.2723 trillion won this year, the first time it has exceeded 3 trillion won.
The total was up 17.1% from last year, an increase of 478.1 billion won.
The average assessment per taxpayer rose to about 1.65 million won, roughly 200,000 won more than last year.
The Gangnam three districts accounted for 47.5% of the total, while their average assessment per taxpayer was 6.7 times that of the Nodeogang area.
- Who
- Seoul apartment property taxpayers were assessed the tax. Rep. Choi Eun-seok analyzed figures provided by the Seoul city government.
- What
- Apartment property tax assessments reached a record 3.2723 trillion won.
- When
- This year, according to a report published on October 21, 2026.
- Where
- Seoul, South Korea.
- Why
- Not stated
This story does not have two clearly opposing sides.
Seoul apartment property tax assessments totaled 2.7942 trillion won, and the average assessment per taxpayer was about 1.45 million won.
The total assessment rose to 3.2723 trillion won, while the average per taxpayer increased to about 1.65 million won.
- Total assessment
- 3.2723 trillion won
- Year-on-year increase
- 17.1%, or 478.1 billion won
- Taxpayers
- 1,985,669, up 57,377 from last year
- Gangnam three districts' share
- 47.5% of Seoul's total assessment
- Gangnam three districts' average
- 3,337,000 won per taxpayer
- Nodeogang average
- 499,000 won per taxpayer