Mechanism for calculating the tax amount of property tax (land) in FY2024

The amount of property tax and city planning tax on residential land is determined by the ratio of the previous year's standard tax amount to the price (main rule tax standard amount) (burden level) to the price (main rule tax standard).
If you specifically illustrate the tax amount calculation mechanism, it will be as shown below.

Calculate the tax amount for residential land is calculated according to the following procedure.

（1） Judgment of residential land classification…We judge whether it corresponds to division of small residential land, general residential land or non-residential land.

（2） Calculation of burden level…The following formula determines the ratio (burden level) of the previous year's tax standard amount to the price (main rule tax standard amount).

FY2023 standard tax amount ÷ 2024 price (main rule tax standard amount)

（3） Calculation of standard tax amount…According to the ratio obtained in (2) for each division of residential land determined in (1), apply to the table listed below, apply the burden adjustment measures, and calculate the standard tax amount for 2024.

（4） Calculation of tax amount…2024 tax amount = 2024 tax standard amount x tax rate (property tax 1.4%, city planning tax 0.3%)

This is a measure to gradually approach the tax burden based on the price (main rule tax standard amount) every year, because the burden will increase, so this is a measure to gradually approach the tax burden based on the price (main rule tax standard amount) every year.
In order to balance taxation while preventing the tax amount from significantly changing (up) the tax amount, the tax burden on land with a high burden level (the ratio of the previous year's standard tax amount to the price (main rule tax standard amount))) In order to balance taxation. For land with a low burden level, we will raise the standard tax amount according to the burden level.

If you have any questions, please contact your ward office.