I owe how much now?
I received the postcard with my property taxes for this year last week. I paid them for the first time last year after we bought our manshon. Unfortunately I lost the postcard from last year, but the payments seem to be the same as this year.
According to this website, property tax is 1.4% of the assessed value, and is revised every three years. And in this site we can see there is also a 'city planning tax' of 0.3%, but I am not sure if it applies in our case.
We bought the manshon for 9 million yen. I believe the market price is between 12 and 13 million yen (we bought from a friend who gave us an excellent price).
Our property tax this year is 77,700 yen. This implies that the assessed value of the manshon is around 5.5 million yen, less than half the market price. Property taxes are paid in installments through the year as in the postcard above. For us this comes to just over 6,000 yen a month. It seems more than fair.
There are horror stories of mistakes being made in property taxes, but it seems not to be the case for us.
I'll be very interested to see if they change as they are reconsidered every three years.
How about you? Have your property taxes changed over time? Do you think they are accurate?