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Outline of Property Tax and City Planning Tax

 

Property Tax

City Planning Tax

Taxing authority

Municipalities
(prefectures for some depreciable assets)

Municipalities
(levied by 791 local government bodies)

Assets subject
to taxation

Land, buildings and depreciable assets
   Land :
   Buildings :

176,790,000 pieces
59,240,000 pieces

Land and buildings located within the areas of urban districts or city planning districts designated by local ordinances

   Land :
   Buildings :
39,100,000 pieces
29,400,000 pieces

Tax payer

Owners of land, buildings and depreciable assets
   Land :
   Buildings :
   Depreciable assets :

36,740,000 persons
35,610,000 persons
4,070,000 persons

Owners of land or buildings
   Land :
   Buildings :

16,680,000 persons
19,350,000 persons

Tax base

Price (fair market price)
reevaluated every 3 years (land and buildings)

same as Property Tax

Tax rate

The standard rate
    ya00.gif (844 ???) 1.4%(adopted by 90% of the municipalities)
The maximum rate
    ya00.gif (844 ???) 2.1%

The maximum rate : 0.3%
(The actual rate adopted)

Tax exemption
thresholds

Land :
Buildings :
Depreciable assets :

300,000 yen
200,000 yen
  1,500,000 yen

Tax is exempted if the value of land or buildings is less than the exemption thresholds established for property tax

Additional
information

Special measures for residential land
Burden adjustment measures
(Revenue)

   Land :
   Buildings :
   Depreciable assets :  

3,643,000 million yen
3,433,000 million yen
  1,666,100 million yen

Special measures for residential land (from FY 1994)
Burden adjustment measures
(Revenue)

   Land :
   Buildings :
865,900 million yen
503,200 million yen

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