Busan is good

Busan Metropolitan City Imposes 694.8 Billion Won in September Property Tax – An Increase of 12.4 Billion Won (1.8%) Compared to Last Year

내용

Busan Metropolitan City (Mayor Park Heong-joon) announced that it has imposed and notified property tax for September 2025 on 1.815 million cases, totaling 694.8 billion won (including local resource facility tax and local education tax) on housing and land.

Property tax is levied each July and September on those who own land, housing, buildings, ships, or aircraft as of the tax base date (June 1 each year). Housing tax is divided equally between July and September (50% each), while tax on buildings, ships, and aircraft is imposed in July, and tax on land is imposed in September.

The September property tax imposed this year increased by 12.4 billion won (1.8%) compared to last year. Although the official prices of apartment complexes declined by 1.67%, the increase was analyzed as resulting from the rise in official prices of individual houses and land (1.47% each) and the construction of large-scale apartment complexes.

---

Status of September 2025 Property Tax Increase

(Unit: thousand cases, 100 million won)

Status of September 2025 Property Tax Increase (Unit: thousand cases, 100 million won)

Category	2025 Cases	2025 Amount	2024 Cases	2024 Amount	Change in Cases	Change in Amount	Rate
Property Tax	1,815	6,948	1,789	6,824	+26	+124	+1.8%

Breakdown by District and County

Among the districts and counties, Haeundae-gu recorded the largest amount with 101.7 billion won, followed by Gangseo-gu with 98.1 billion won, and Busanjin-gu with 69.4 billion won. The smallest amount was recorded in Yeongdo-gu with 11.8 billion won, followed by Seo-gu with 12.7 billion won, and Jung-gu with 18.7 billion won.

Breakdown by District/County

Rank	District/County	Amount (100 million won)	Share	Rank	District/County	Amount (100 million won)	Share
1	Haeundae-gu	1,017	14.6%	9	Geumjeong-gu	371	5.3%
2	Gangseo-gu	981	14.1%	10	Suyeong-gu	344	5.0%
3	Busanjin-gu	694	10.0%	11	Yeonje-gu	321	4.6%
4	Gijang-gun	612	8.8%	12	Buk-gu	235	3.4%
5	Nam-gu	455	6.5%	13	Dong-gu	214	3.1%
6	Sasang-gu	448	6.4%	14	Jung-gu	187	2.7%
7	Dongnae-gu	426	6.1%	15	Seo-gu	127	1.8%
8	Saha-gu	398	5.7%	16	Yeongdo-gu	118	1.7%

Tax Payment and Guidance

Taxpayers who received their September property tax bill on September 16 must pay by the deadline of September 30. If payment is delayed beyond the deadline, a 3% late payment surcharge will be imposed.

To ensure citizens can pay conveniently within the deadline, the city provides various payment methods:

• ●Mobile apps (Smart Wetax), Internet Giro (www.giro.or.krㅐ) and Wetax (www.wetax.go.kr) allow inquiries and payments anytime, anywhere.
  

• ●Additional options include dedicated virtual accounts, the ARS system (142211), bank ATMs and payment machines, as well as KakaoPay.

• ●Taxpayers using electronic billing and automatic account transfers may also receive tax deduction benefits.

Shin Jong-bae, Director of Tax Administration, stated:
“Property tax is an important financial resource for local governments, enabling the provision of public services at the district and county level. We strongly urge citizens to pay their property tax within the deadline to support the expansion of such public services.”