The price of land in property tax (valuation) calculates 70% of declared land value price as aim. About public land evaluation, there is something like next table besides.
Public land evaluation
|Declared land value price
||We make the price as of January 1 of standard ground which we chose in city planning areas of the whole country public, and are done with index of general land transaction price. Specifically, the Ministry of Land, Infrastructure, Transport and Tourism (Land Appraisal Committee) is decided based on evaluation evaluation by real estate appraiser.
||The every year end of March
||The Ministry of Land, Infrastructure, Transport and Tourism
|Land prices investigation price
||As thing supplementing declared land value price, prefectural governors are decided at price based on evaluation evaluation of real estate appraiser based on country use plan law enforcement order as standard equipment about standard place of each metropolis and districts as the point of price on July 1.
||The every year end of September
||The metropolis and districts
|Inheritance tax roadside value
||For taxation of inheritance tax and gift tax, we decide to set by 80% degree of declared land value price at price attached by street in city area every year in each Regional Taxation Bureau.
||The every year beginning of July
||Regional Taxation Bureau
|Property tax roadside value
||With the price attached for taxation by street of property tax, it is decided to set in the municipalities every three years by 70% of declared land value price. In addition, we evaluate valuation of property tax depending on the present situation based on this roadside value and are decided.
||The beginning of April of the reappraisal year