Costs for owning
Real Estate Property Tax & City Planning Tax
Real Estate Property Tax and City Planning Tax should be paid every year as long as real estate properties such as land and building are owned. The person who owns a property and is registered at the time of January 1 will be taxed.
Tax rate is calculated based on assessed value of fixed asset. It may vary from municipal to municipal.
Real Estate Property Tax: Assessed Value of Fixed Asset x 1.4%
City Planning Tax: Assessed Value of Fixed Asset x 0.3%