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Land Value Tax

    Land value tax is a duty with land as the subject of taxation, and it is by nature a property tax.
    Levy of Land Value Tax

    • Taxing period: to be levied once a year in November, and the tax shall be paid from November 1 to November 30.
    • Scope of taxation: Land that has been assigned a value shall be subject to land value tax, except those subject to agricultural land tax.
    • Taxpayers
      The title owner of land, the administration agency (for publicly owned land), the administrator (for owned-in-common land), the Dien holder (for land where right of Dien exists), the bestowee (for bestowed land), the cultivation right holder (for land assigned for farming), and the trustee (for entrusted land)
    • Base date for tax payment
      The base date for land value tax payment is August 31; the land title owner or Dien holder as registered in the land administration authority’s land register on that date shall be the taxpayer of land value tax for that year.
    • Calculation of tax
    1. Household-based taxation: Tax base for land value tax is the total value of all land held by each land title owner within the same municipality or county (city).
    2. Capacity-based taxation: Except for land to which special tax rates and tax concessions apply, general land is subject to progressive land value tax rates, with greater tax brackets applying for higher total land value.
    • Starting cumulative value (SCV), tax rates, and calculation formulae
    1. SCV: refer to the average land value of seven acres of land in the respective municipality or county (city), excluding land used for factories, mining or agriculture, and land exempted from tax.
    2. Basic tax rate: 10/1000
    3. Tax rates for general land
      Level 1 Tax amount = Taxable land value (not exceeding SCV) × Tax rate (10/1000)
      Level 2 Tax amount = Taxable land value (in excess of SCV by less than 5 times) × Tax rate (15/1000) – Progressive difference (SCV × 0.005)
      Level 3 Tax amount = Taxable land value (in excess of SCV by more than 5 times but less than 10 times) × Tax rate (25/1000) – Progressive difference (SCV × 0.065)
      Level 4 Tax amount = Taxable land value (in excess of SCV by more than 10 times but less than 15 times) × Tax rate (35/1000) – Progressive difference (SCV × 0.175)
      Level 5 Tax amount = Taxable land value (in excess of SCV by more than 15 times but less than 20 times) × Tax rate (45/1000) – Progressive difference (SCV × 0.335)
      Level 6 Tax amount = Taxable land value (in excess of SCV by more than 20 times) × Tax rate (55/1000) – Progressive difference (SCV × 0.545)
    4. Special tax rates 
      1. )Self-use residential land, employee dormitory land, public housing land: 2/1000 
      2. )Land reserved for public facilities: 6/1000
      3. )Publicly owned land, land directly used by enterprises such as industrial land: 10/1000
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