Fix Asset Tax
- Japanese
- 固定資産税
Land, houses and businesses are taxed as depreciable assets on their owners as of January the 1st of every year.
The municipality where the asset is located will be the office that will tax you.
Even if the ownership changes due to buying or selling throughout the year in question, the person registered as the owner as of January the 1st of that year, will pay the tax. Land is taxed to the registered owners in the Land Registry.
A commercial building is taxed to who is listed in the registry, and if it is not registered, the owner will be taxed.
Reduction, Examption, Deduction
Reduction
The tax amount for new housing will be halved for 3 to 5 years from the time of taxation. After your house is completed, you have to apply to the municipality between the 1st-31st of January. If a house is built on residential land, the tax amount will be 1/3 to 1/6 with no application required.
Land Category
There are some cases that the actual situation and the land category that the municipality has on record, do not match. Residential land is the most expensive, wilderness and forests are cheaper in comparison.
The details will be mailed together with the payment slip, so when you receive it and it clearly does not match your actual situation, check with the municipality before paying.
Loss of buildings
If the taxed building is lost, report it to the municipality and it will be deleted from the tax bill for the following year.
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Payment Amount / Payment Method
Amount of tax
Fixed asset valuation x correction rate, etc. x 1.4%
* Depending on the municipality, the tax rate will be increased by about 0.3- % as a city planning tax.
Payment
A payment slip will arrive at your registered address in April or May. There are four payment deadlines within the year but it will depend on the municipality you belong to.
Punishments such as the confiscation of assets will happen if you don't pay.
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Others (Note,important Points, Points)
★ If you are dissatisfied with the evaluation of taxation, you can file a petition with the municipality to have the amount reviewed.