Ministry of Land, Infrastructure, Transport and Tourism LAND AND PROPETY IN JAPAN

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Land value appraisal for the public purposes

Land Market Value Publication (Previously called the “Land price public notice system”)

- Implemented by the Land Appraisal Committee under the MLIT
- As of January 1 every year
See Land Market Value Publication

Publication of market values of standard sites by prefectural government

- To complement the Land Market Value Publication
- Implemented by prefectural governments.
- As of July 1 every year

Road Rating: valuation of inheritance tax

- For inheritance tax and gift tax assessment
- Implemented by the National Tax Agency
- The assessments are about 80% of the values of the Land Market Value Publication.
- As of January 1 every year.

Land appraisal for fixed asset tax

- For fixed assets tax assessment
- Implemented by municipal governments
- The assessments are about 70% of the values of the Land Market Value Publication.
- As of January 1 in every 3 year


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