National Tax Agency
1We have recently completed the work to valuate and determine the road ratings and valuation multipliers, the basis for the assessed values of lands, etc. in taxation of inheritance tax and gift tax for fiscal year 2003. Regional taxation bureaus and tax offices announce them simultaneously through the country on August 1 (Friday). Road rating maps, etc. containing the road ratings and valuation multipliers, which are shown on the website of the National Tax Agency on the same day,become accessible through the Internet.
1Road rating maps, etc. for fiscalyears 2001, 2002, and 2003 become accessible through the Internet.
2CD-ROM of nationwide road rating maps, etc. becomes accessible regional taxation bureaus and tax offices onAugust 4 (Monday) nationwide.
2Table 1(Classification by region) and Table
2(Classification by prefecture) show the average of the standard values for
assessment of the standard areas for residentials site (approx. 410thousand points)
and rates of change thereof for fiscal year 2003.
The highest road rating in each prefectural capital for fiscal year 2003are shown in Table 3.
Residentials sites located in urban districts are assessed according to the road rating method and those located in other districts are assessedaccording to the valuation multiplier method.
The road ratings and valuation multipliers are assessed on every January 1 at about 80 percent of the price equivalent to the posted price on the public notification land price, actually traded price, price appraised and estimated by real estate appraisers, etc., and price based on the opinionof knowledgeable people.
Road rating method
The road rating method is used to calculate the assessed value by multiplying the road rating of the road to which the land to evaluate isadjacent by required lot adjustment rate.
The road rating is the value per square meter of a series of lands with almost the same value to be appraised by each road to which they areadjacent.
Valuation multiplier method
The valuation multiplier method is used to calculate the assessed value by multiplying the estimated value for calculation of real property tax by the multiplier determined for individual districts with similarresidential site situation.