National Tax Service opens application for real estate tax exclusions

The National Tax Service has issued notices to 48,000 taxpayers eligible for comprehensive real estate tax exclusions and special taxation treatments. Eligible individuals can apply for these benefits between the 16th and 30th of this month to receive tax reductions or be recognized as single-home owners during the regular tax billing in November.

Exclusions apply to certain rental properties, employee housing, houses scheduled for demolition, and land for new house construction. Special treatments are available for temporary two-home owners, inherited houses, low-value local houses, and houses under joint names. Notably, starting this year, joint owners of a single house can designate the taxpayer through mutual agreement, regardless of their respective ownership shares.

Additionally, certain properties—such as small-scale new constructions, unsold houses in provincial areas, and homes in population-declining regions—may be excluded from the house count when applying tax rates. This allows owners to avoid the heavy taxation rates applied to those holding three or more properties. The National Tax Service recommends using the Hometax service for pre-filled data and tax simulations to ensure accurate filing.