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July Property Tax Assessment: Essential Payment Deadlines and Methods
As of July 2025, local governments have started to assess and notify property taxes. The city of Busan has assessed property taxes totaling 409.8 billion won.
This property tax applies to owners of houses, buildings, ships, and aircraft, and the payment deadline is set from July 16 to July 31.
It is crucial to pay within the designated period, as a late payment surcharge of 3% will be applied if the deadline is missed.
This year, various payment methods are available, allowing individuals to choose convenient options such as mobile, internet, phone, and ATM for easy payments.
How to Pay Property Tax?
1. Pay Online (WeTax/Internet Giro)
Website: www.wetax.go.kr, www.giro.or.kr
Available hours are from 12:30 AM to 11:30 PM, and virtual account transfers can be made until 10:00 PM.
Payments can be made using either your own or someone else’s card, but additional verification procedures are necessary.
2. Phone Automated Response System (ARS) Payment
The phone number is 142211.
Payments are possible via voice ARS using a credit card.
In addition, the visible ARS allows for payment using credit cards, simple payments (KakaoPay, Naver Pay, etc.), and account transfers.
The service is available from 7:00 AM to 11:30 PM.
3. Payment via Dedicated (Virtual) Account Transfer
The banks available for use are Busan, Kookmin, Nonghyup, Suhyup, Shinhan, Woori, and Hana.
Available hours are from 12:30 AM to 10:00 PM, and fees may apply if transferring to a different bank.
4. Payment via Mobile App
You can conveniently pay taxes through the Smart WeTax app. Various simple payment apps like KakaoTalk, Naver app, Payco, etc., also allow users to check and pay electronic bills. Additionally, functions are provided in financial apps such as KakaoBank and Toss, which allow easy bill review and payment.
5. Bank ATM Payment
You can select the 'Local Tax' item in the ATM to pay with a card or bank account. Be mindful that fees may apply if using a card from another bank.
6. Self-Service Kiosk (in local office)
Payment can be made by scanning the bill barcode or checking the resident registration number
Payments can be made using credit cards or simple payments.
7. Electronic Notification + Automatic Transfer for Tax Deduction Benefits
The electronic notification service can be accessed through email, financial apps, and platforms like Naver, Kakao, and Payco. Automatic transfers involve payments made via bank accounts or credit cards.
Applications can be made through WeTax, local tax offices, or banks. If you apply for both electronic notification and automatic payment at the same time, you can receive a tax deduction benefit ranging from 1,000 to 1,600 won per item.
Who Needs to Pay and What to Be Aware Of?
The assessment date is set as June 1 each year. Taxes are imposed on owners of land, houses, buildings, ships, and aircraft based on this date.
The property tax on houses is assessed in two halves, in July and September, while taxes for buildings, ships, and aircraft are only imposed in July. Finally, it is important to note that land taxes are assessed in September.
The property tax in Busan for July amounts to 1.83 million cases, totaling 409.8 billion won. This represents an increase of 8.6 billion won compared to last year, primarily due to the rise in the public prices of individual houses, the increase in large buildings being built, and rising price standards for newly constructed buildings.
Conclusion: Paying Taxes Easily and Smartly
Property tax is an essential resource for public services in the local community.
You must ensure payment is made before the deadline of July 31 using convenient methods such as mobile, internet, phone, or ATM.
Additionally, applying for electronic notification and automatic transfer will allow you to receive tax deduction benefits, so do not forget to check this.
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Frequently Asked Questions (FAQ)
Q. When is the payment deadline for property tax in July 2025?
The payment deadline for property tax in 2025 is from July 16 to July 31.
The property tax assessed from July 2025 applies to owners of houses, buildings, ships, and aircraft, and the payment deadline is set from July 16 to 31. It is important to pay within the deadline, as a late payment surcharge of 3% will be imposed.
Q. Who is liable for the property tax in 2025?
Property tax is assessed on owners of houses, buildings, ships, and aircraft.
Property tax is imposed on owners of land, houses, buildings, ships, and aircraft based on the assessment date of June 1. Property tax on houses is assessed in July and September, while taxes for buildings, ships, and aircraft are only imposed in July, and land taxes are assessed in September.
Q. What online methods are there for paying property tax?
You can pay online using WeTax (www.wetax.go.kr) and Internet Giro (www.giro.or.kr).
You can make online payments through the WeTax and Internet Giro websites, available from 12:30 AM to 11:30 PM. Virtual account transfers can be made until 10:00 PM, and card payments can be made using your own or another person's card, with additional verification required.
Q. How can I pay property tax by phone?
You can pay via ARS call 142211 using credit card, simple payments, or account transfers.
Phone payments are made using the ARS system at 142211, where payments can be made via voice ARS with credit cards and visible ARS offers options for credit card, KakaoPay, Naver Pay, and account transfers. The service is available from 7:00 AM to 11:30 PM.
Q. What benefits do you get from paying property tax via electronic notification and automatic transfer?
You can receive tax deduction benefits by applying for electronic notification and automatic transfer together.
The electronic notification service is available via email, financial apps, and platforms like Naver, Kakao, and Payco, while automatic transfer involves payments made via bank accounts or credit cards. Applications can be made through WeTax, local tax offices, or banks, and if you apply for both services at the same time, you can receive a tax deduction benefit of 1,000 to 1,600 won per item.
