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Subject and scope: |
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For all houses attached to land and on such other buildings, which enhance the utility value of these houses.
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Taxpayer: |
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house owner |
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pledger who creates the pledge
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Taxing period: |
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to be levied once a year in May, and the tax shall be paid from May 1 to May 31.
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Calculation of Housing Tax: |
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The house tax is not levied based on the building cost or market value, but is based on the current value of standard price an applicable tax rate, which is calculated by the formula below, The standard house price × size (acreage) × (1 - an applicable depreciation rate × the years of depreciation) × an adjustment rate based on the level/class of street or road × an applicable tax rate ＝payable house tax.
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