About the Reduction of Property Tax for Newly Built Houses (General Houses, Long-Term Excellent Houses)

About the Reduction of Property Tax for Newly Built Houses

For newly built houses, the property tax amount will be reduced for a certain period after construction, as follows.

• Note 1: The urban planning tax is not eligible for reduction.
• Note 2: Certain residential constructions carried out by individuals within designated areas such as special disaster warning zones will be excluded from the application if they do not comply with the recommendations made by the mayor based on the "Special Measures Act for Urban Regeneration" to encourage appropriate location.

(1) Requirements

Category	Floor Area Requirements
Single-family house or apartment	Between 50 square meters and 280 square meters
Rental Housing (Apartment)	The floor area for each lot is between 40 square meters and 280 square meters.
Mixed-use residential buildings (houses that include parts other than residential, such as stores)	The residential area accounts for more than half of the total, and the floor area of the residential part is between 50 square meters and 280 square meters.

(2) Scope of Reduction

Building Floor Area	Scope of Reduction
Living area with a floor space of up to 120 square meters	Half of the tax amount
Those with a floor area of the living space exceeding 120 square meters	Half of the tax amount, up to a limit of 120 square meters

Note: The reduction applies only to the portion used as a residence in newly constructed houses.

(3) Period of Reduction

Number of Floors and Structure of Housing	Period
a. General housing (housing other than b)	3 years after construction (5 years for long-term excellent housing)
b. Mid-rise and high-rise fire-resistant (quasi-fire-resistant) housing of 3 stories or more	5 years after construction(7 years for long-term excellent housing)

Required Documents and Submission Deadlines

In principle, the submission of a declaration form is required to receive a reduction, but typically, a house survey is conducted sequentially for newly built houses, and during that time, it is determined whether the reduction can be applied, so the submission of a declaration form is not necessary.
If it qualifies as a long-term excellent housing, please fill out the application form for long-term excellent housing and attach the "Long-term Excellent Housing Certification Notification (copy)".

You can download the declaration form from the link below.

• Special Taxation for Residential Land and New Housing Reduction Declaration (for Long-term Excellent Housing) (PDF 162.3KB)
• Special Taxation for Residential Land and New Housing Reduction Declaration (for Long-term Excellent Housing) (Word 73.0KB)

Notice of Identity Verification Measures

With the introduction of the social security and tax number system in January 2016, a new section for My Number (individual number or corporate number) has been added to various reduction application forms. Additionally, when submitting an application form that includes your individual number, we will conduct identity verification (number verification, identity verification, and confirmation of agency rights). Please refer to the related information below and cooperate with us.

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