1.
fixed-asset tax; property tax
A municipal tax charged every year on the owners of land, buildings, and business equipment, based on the assessed value as of January 1. Home owners pay it in installments after a tax notice arrives in spring.
Literally 固定 (fixed) + 資産 (assets) + 税 (tax). Paid to the city, town, or village where the property is, not to the national government.
Common collocations
- 固定資産税を納める: to pay property tax
- 固定資産税がかかる: property tax is charged
- 固定資産税の評価額: the assessed value for property tax
Related words
- 住民税: resident tax, the other main local tax
- 都市計画税: city planning tax, often billed together with it in urban areas