Yokohama Land Price Guide Basic Part 2 What is a public land price?

Land prices are related to our lives in various situations, such as taxes, inheritance, buying and selling, and asset management. At that time, the public prices that are regularly published by the government and local governments are the basis and guidelines for calculating the appropriate price.

The land, unlike the goods that can be bought at the store, is not the same thing. Due to these characteristics, the price of the land reflects various situations, such as the timing of buying and selling, the circumstances and motivation of the seller and the buyer. For this reason, it is difficult for the general public to understand how much land is appropriate.

Therefore, the government has published a price that is normally considered to be established in free transactions without such special circumstances in transactions as "public land price", so that ordinary people can use it as an objective guide when judging.
The “land price published price” is based on the appraisal of real estate appraisers, etc., based on the appraisal of real estate appraisers, etc., by selecting about 30,000 standard land nationwide (the land with a standard size and usage status in that area) The normal price per square meter as of January 1 is announced every year (publication time is in late March). The contents of the land price announcement are posted on the websites of the Ministry of Land, Infrastructure, Transport and Tourism and local governments, and can also be viewed in booklets at local government citizen consultation counters and libraries.

"Prefectural land price survey price" is almost the same as "land price published price". This is a survey and publication by prefectures, and is the price as of July 1 of each year, which is six months later than the land price announcement (publication time is late September).

Next, there are "inheritance tax land price" and "property tax land price" as official prices that serve as a guide for taxes. In each case, the price is attached to each road, so it is called "land price".
"Inheritance tax land price" is the basis for calculating inheritance tax and gift tax, and is determined based on 80% of the published land price, and the evaluation is reviewed every year to reflect annual land price trends. I am.
"Property tax land price" is the basis for calculating property tax, and is set at 70% of the published land price as a guide, and is revaluated every three years.

These four public prices are collectively referred to as "Ichibutsuyonka". It expresses that one land (real estate) has four types of prices: "land price published price", "land price survey price", "inheritance tax land price", and "property tax land price". is.
In addition, "actual price", "land price published price", "inheritance tax land price" and "property tax land price" may be referred to as "four price per item". "Actual price" refers to the price actually established in the transaction.

Public prices such as "land price published prices" are determined according to the purpose of each law, but the balance is unified based on "land price published prices", so for example, land prices are nearby If you want to check the land price in a place where there is no published point, you can use it complementarily, such as referring to the land price (Note 1).

• Note 1: By dividing it by 0.8 in the case of inheritance tax land price and 0.7 in the case of property tax land price, it can be the same level as the land price announcement (standard land price).