[Anchor]

With the latest comprehensive real estate holding tax (Jeongbu-se) overhaul, taxes will decrease for some depending on housing value, while increasing significantly for others. In particular, the differences depending on whether the owner actually resides in the home have made calculations much more complicated. For a non-resident home valued in the 2 billion won range, taxes can jump by up to four times.

Reporter Jeon Hyeong-u breaks down the numbers.

[Reporter]

Even for single-home owners, the comprehensive real estate holding tax varies completely depending on whether they reside in the property or not.

Let us first look at owner-occupied single-home properties.

Assuming an owner is 60 years old and has lived in the home for 10 years, the tax deduction rate remains at 60%, just as it is now.

If the market value of the home is between 2 billion won and 3 billion won, the holding tax will actually decrease compared to now. For the 3 billion won to 4 billion won bracket, the tax will increase by several hundred thousand won.

For ultra-high-priced apartments exceeding 4 billion won, the holding tax will jump significantly.

The government described this threshold as achieving the "normalization of taxation."

For a 5 billion won apartment in Banpo, the owner will have to pay about 1.6 million won more in holding tax next year, and about 5.24 million won more the following year.

For a 7 billion won apartment in Apgujeong, the holding tax will increase by about 13 million won next year and by about 23 million won the year after.

Non-resident single-home properties are completely different.

Even for a 60-year-old owner, if the 10 years represent ownership rather than residency, the deduction rate will be limited to 40% next year and only 20% the year after.

This means that even with long-term ownership, tax deductions will no longer be granted without residency.

As a result, taxes will rise across the board for non-resident apartments starting from those with a market value in the 2 billion won range, where the holding tax applies.

Based on 2028, taxes will increase by about 1.24 million won for a 2 billion won apartment, about 3.33 million won for a 3 billion won apartment, and about 8.51 million won for a 4 billion won apartment—jumping by millions of won compared to owner-occupied apartments.

While the period of residency is crucial, exception clauses will also be established to account for unavoidable circumstances that force non-residency.

If an owner has lived in the home for more than a year and faces unavoidable circumstances such as transferring to a school or changing jobs in another region, up to three years of residency can be recognized.

If an owner moves into a new home following redevelopment or reconstruction, half of the construction period for the urban maintenance project will be recognized as residency time.

[Video Editing: Choi Hye-ran, Design: Kim Ye-ji]