Tax May 12, 2026 2 min read

Vehicle Tax Calculator — Calculate Vehicle Tax by Type and Prepayment Discount Guide

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OIYO Editorial Contributor

What Is Vehicle Tax?

Vehicle tax is a local tax levied annually on vehicle owners. The standard schedule requires payment twice a year — in June and December — but applying for annual prepayment at the start of the year earns a discount of up to 7%.


Vehicle Tax Calculator

Auto Tax Calculator

Vehicle Ownership Analytics

Calculate annual car tax based on engine size and age with prepayment discounts.

Total Annual Tax

520,000

Base Tax

400,000

Education Tax (30%)

120,000

Prepayment Discount

-₩23,400


Vehicle Tax Assessment Criteria

Non-Commercial Passenger Vehicles (Most Common)

Tax is assessed based on engine displacement.

DisplacementTax per cc
Up to 1,000 cc$0.07
1,001–1,600 cc$0.12
1,601–2,000 cc$0.17
2,001–2,500 cc$0.19
2,501 cc and above$0.19

Example: A 2,000 cc vehicle → 2,000 × 0.17=0.17 = **340/year** ($170 each in June and December)

Electric and Hydrogen Vehicles

Because they have no engine displacement, a flat annual rate of $100 applies (as of 2025).

Vehicle Age Reduction

Starting from the third year after manufacture, the tax is reduced by 5% per year, up to a maximum of 50%.

Years Since ManufactureTax Reduction
1–2 years0%
Year 35% reduction
Year 515% reduction
10+ years50% reduction (maximum)

Save on Vehicle Tax with Annual Prepayment

Annual prepayment applications are accepted in January, March, June, or September.

Application MonthDiscount Rate
January7%
March5%
June2.5%
September1.25%

Best choice: Apply for annual prepayment every January → save 7%

For a vehicle with 340inannualtax,Januaryprepaymentsaves340 in annual tax, January prepayment saves **24**.


How to Pay Vehicle Tax

  1. Local Tax Portal (WETAX): wetax.go.kr — online payment
  2. Smart WETAX App: mobile payment
  3. Auto-debit: set up automatic payment within the payment period
  4. Card payment: local tax card payment portal

Pro-Rated Refund After Selling Your Vehicle

If you sell or scrap your vehicle mid-year, you can receive a pro-rated refund of the remaining period on any vehicle tax already paid.

Refund application: Tax Division of your local city/county/district office, or online via WETAX

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OIYO Editorial

Content Editor

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