All becomes clear
We wrote about property taxes last year, but that post was somewhat hindered by the fact that I had misplaced or not received the breakdown of how the taxes were calculated.
All is well now though, as the breakdown for this year has arrived. Feast your eyes on the wealth of information below.
As you can see, they have assessed the value of our manshon as 4.3m yen, and the value of the land as 221,000 yen for property tax reasons (the land is valued at twice as much for the city planning tax for some reason).
We owe 1.4% of the assessed value as property tax, and 0.3% as city planning tax.
And the end result is that our taxes for this year are about the same as they were last year (they seem to have gone up by 200 yen, which I am not particularly upset about), to be paid in four installments over the year. Monthly this comes to just over 6,000 yen a month.
How about you? What do your property taxes look like? Remember that new builds have reduced property taxes for a few years.
Ben, Is that the same thing as The Community Charge in the U.K.?
Not sure, I’m afraid! I’ve never owned property or paid tax in the UK 😉
Other than stamp duty, I don’t think the UK has property taxes.
Asked J-Wife who said it like the U.K. Community Charge. We pay £103 per month.
Thanks for the info on this post. Do you know of any websites that list previously owned houses and/or apartments in Tokyo for sale? Thanks, Jon
There are loads. I quite like Yahoo Fudousan: look for 中古マンション for condos and 中古一戸建 for houses…
https://realestate.yahoo.co.jp/
Much appreciated!
We have used several apps and websites to search for our house. The ones I recommend are: https://www.homes.co.jp/smp/re/, Suumo, https://www.realestate.co.jp/en/forsale/listing (which is in English). In the end, we have found our house through Suumo. Good luck!
http://suumo.jp/ is what I use
The Community Charge tax hasn’t been around for over 20 years – the Council Tax replaced it in the early/mid 1990s I think – but yes, it’s roughly equivalent, although it’s not a tax on the owner so much as the Council Tax is a tax on anyone over the age of 18 that owns *or rents*.
Our council tax in the UK was £2200 per year, which works out to around Y350,000. On the other hand the house was valued at around Y150 million…
I think the council tax in the U.K. is a combination of both property tax and city/pref taxes here in Japan.
What I would certainly like to know is how the city tax, pref tax and property taxes are spent. What do they pay for? Obviously not education or healthcare or maintainence of schools or hospitals! Obviously not road or highway maintenance. All of the above are in a delapidated state and have been for years. Lol.
Really? You have nothing but toll rolls and bridges where you live? You pay for your public schools? You don’t have public health & nursing insurance?
That’s a shame.