In order to explore the soil improvement effect of guest soil reclamation, the main physical and chemical properties of the soil in-situ extracted rare earth tailings after reclamation in Pingyuan County, Meizhou city were tested. Using 5 point sampling method, soil samples were taken from a 0-20 cm soil layer to detect NH4+ residues, pH value, content of organic matter, available N, available K, available P, and heavy metal in the soil. The results were shown that the NH4+ content in the soil decreased from 96.67 to 15.29 (mg·kg−1) after reclamation, the pH value increased from 4.58 to 5.40, and the organic matter increased from 2.12 to 2.75 (g·kg−1). However, the available N, P, and K decreased, and the soil fertility index also decreased from 0.55 to 0.49. The reclamation did not significantly improve soil fertility. The Nemero comprehensive index of non-rare earth heavy metal elements decreased from 0.58 to 0.44, but the pollution of non-rare earth heavy metals in the soil before and after reclamation was at a clean level, and there was no heavy metal pollution. The total RE (rare earth) content in tailings soil, reclaimed soil, and control soil was higher than the soil environmental background value in Guangdong Province. Heavy RE content in tailings soil exceeded 50% of total RE content, while light RE was mainly in the reclaimed soil. The pollution levels of total RE metals in soil before and after reclamation were non-pollution to moderate pollution level and non-pollution level, respectively. The control soil was the most severely polluted, reaching a strong pollution level. The three RE metals, Y, Sm and Ce, accounted for the highest proportion of the total soil REs, and the pollution levels of the latter two elements were above strong pollution in control soil. After 4 years of land reclamation, the NH4+-N pollution, soil acidification, and heavy metal pollution in the soil of tailings could be significantly improved, but the soil fertility was still low and required a long remediation process. In the future reclamation work, in addition to continuing to pay attention to the improvement of soil environment, the improvement of soil fertility and the control of RE pollution should also be strengthened, and when using foreign soil for reclamation and improvement, the quality of foreign soil, especially fertility, should also be considered.