Car Tax Calculator
Estimate annual automobile tax, age reduction, education tax, and acquisition tax for a first-pass vehicle budget.
Vehicle inputs
Passenger-car ownership tax is estimated from use, displacement, age, and purchase price.
Used only for annual automobile tax and age reduction.
Used only for the acquisition tax rate.
Used for annual automobile tax when passenger car by displacement is selected.
30M KRW
Annual ownership tax
Annual tax and local education tax are separated so they are not confused with acquisition tax.
Acquisition tax
Acquisition tax is shown separately from annual ownership tax.
Notes and assumptions
About Car Tax Calculator
Estimate Korean automobile ownership tax and a basic acquisition tax.
Choose use/classification, displacement, age and the acquisition price used as your assumed tax base.
Use the separate ownership/acquisition figures for a preliminary budget, then check your municipality’s assessment.
The calculation or rendering runs in this browser tab. Copy, download and share actions make the chosen output available outside this tab.
Worked example
- Input / settings
- Private passenger car 1,998cc, age 2; acquisition base 30,000,000 KRW
- Action
- Calculate with private-passenger acquisition rate
- Result
- Annual ownership tax 519,480; acquisition tax 2,100,000; total 2,619,480 KRW.
Calculation model
Annual ownership tax = displacement × applicable KRW/cc rate × (1−age reduction), plus 30% local education tax for the modeled private-use case.
Age reduction starts at 5% in year 3 and caps at 50%. Basic acquisition tax = assumed taxable price × selected 4%, 5% or 7% rate.
Scope and limits
- Uses standard rates and a simplified whole-year age reduction. Excludes registration-day proration, prepayment discounts, local variations, exemptions, eco/compact/multi-child relief, bonds and registration fees. Other vehicle classes may need a different calculation.
Frequently asked questions
- Is first-year total the amount on the tax bill?
- No. It adds a full modeled year of ownership tax to basic acquisition tax; actual ownership dates, taxable base and relief can change the bill.
Sources and review dates
- Local Tax Act, Article 127 Reviewed
Standard automobile tax rates and age reduction.
- Local Tax Act, Article 12 Reviewed
Basic vehicle acquisition rates, before relief.
- Local Tax Act, Article 151 Reviewed
Local education tax on the applicable automobile tax.
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