Taxes on property, Ratio of this level of government's revenue from in South Korea
South Korea: Taxes on property, Ratio of this level of government's revenue from was 0.3579 in 2020. ▲ Rising
Taxes on property, Ratio of this level of government's revenue from in South Korea, 2012–2020
Source: International Monetary Fund.
Analysis
In 2020, taxes on property, ratio of this level of government's revenue from in South Korea stood at 0.3579. That is the highest value across all 9 years on record.
Compared with earlier readings it is up 6.3% on the previous year and up 30.5% over ten years.
Over the whole period, taxes on property, ratio of this level of government's revenue from in South Korea peaked at 0.3579 in 2020 and was at its lowest, 0.2485, in 2015.
That places South Korea 16th out of 78 countries with data for 2020, putting it in the top quarter.
Taxes on property, Ratio of this level of government's revenue from in South Korea, year by year
| Year | Value | Change |
|---|---|---|
| 2012 | 0.2743 | — |
| 2013 | 0.2585 | -5.8% |
| 2014 | 0.2622 | +1.4% |
| 2015 | 0.2485 | -5.2% |
| 2016 | 0.2588 | +4.1% |
| 2017 | 0.302 | +16.7% |
| 2018 | 0.3071 | +1.7% |
| 2019 | 0.3366 | +9.6% |
| 2020 | 0.3579 | +6.3% |
South Korea compared with similar countries
- South Korea's 0.3579 is above the median for high income countries, which is 0.0531, 6.7× the median. (42 countries reporting)
- South Korea's 0.3579 is above the median for East Asia & Pacific, which is 0.0256, 14.0× the median. (10 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.281 | 0.2485 | 0.3366 | 8 |
| 2020s | 0.3579 | 0.3579 | 0.3579 | 1 |
Countries ranked near South Korea
More public sector data for South Korea
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- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
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Frequently asked questions
- What is taxes on property, ratio of this level of government's revenue from in South Korea?
- Taxes on property, ratio of this level of government's revenue from in South Korea was 0.3579 in 2020, according to International Monetary Fund.
- What is the highest taxes on property, ratio of this level of government's revenue from recorded in South Korea?
- The highest recorded value was 0.3579 in 2020.
- What is the lowest taxes on property, ratio of this level of government's revenue from recorded in South Korea?
- The lowest recorded value was 0.2485 in 2015.
- How does South Korea rank for taxes on property, ratio of this level of government's revenue from?
- South Korea ranks 16th out of 78 countries with data for 2020.
- Is taxes on property, ratio of this level of government's revenue from rising or falling in South Korea?
- Over the last ten years it is up 30.5%. The long-run trend across the full record is rising.
- Where does this South Korea data come from?
- The figures come from International Monetary Fund, published as part of Taxes on property, Ratio of this level of government's revenue from this item to total general government revenue from this item, Percent (Central government). Statizoid updates them automatically from the source API.
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About this data
The Fiscal Decentralization dataset includes fiscal decentralization indicators for a sample of IMF member countries. The following indicators are included in the dataset: Revenue and Expenditure Decentralization Shares; Transfer dependency and Vertical Fiscal Imbalances; Deficit and Debt; Allocation of expenditure (economic classification); Allocation of expenditure (functional classification); Allocation of non-Tax Revenues; and Allocation of Taxes.