Fixed Asset Tax and City Planning Tax

The fixed asset tax are levied every year on those who own land, buildings, or amortized assets (known as “fixed assets”) as of January 1. These taxes are calculated according to the value (fair current price) of the fixed asset.

The city planning tax is levied to cover the expenses associated with city planning projects and land readjustment programs. Tax notices about the fixed asset tax and city planning tax are mailed from the Municipal Taxation Office or Municipal Taxation Branch Office.

Taxes are usually paid in four installments during the year—in April, July, December, and February—by the deadline of the payment month (the last day of the month).