Special Measures for Property Tax and City Planning Tax on Redeveloped Residential Land

As of the assessment date (January 1), land used as residential land is subject to a special provision for residential land, which reduces the tax burden. If the house is demolished due to rebuilding and the assessment date arrives before the new house is completed, the special provision for residential land will not apply, resulting in an increased tax burden. However, if all five of the following requirements are met, the special provision for residential land can be applied for one fiscal year only. Those who qualify should submit the "Rebuilding Special Provision Declaration Form" to the Taxation Division Land Section by January 31 of the year following the demolition of the existing house. (The following assumes the application of the special provision for residential land for FY2024 taxation (assessment date: January 1, 2024).)

1. The land in question was designated as residential land for FY2023 taxation (assessment date: January 1, 2023).
2. Construction of the residence on the land in question had commenced as of January 1, 2024, and the residence is scheduled to be completed by January 1, 2025.
3. The rebuilding of the house is carried out on the same site as the site before rebuilding.
4. The owner of the land as of January 1, 2023, and the owner of the land as of January 1, 2024, are basically the same.
5. The owner of the house as of January 1, 2023, and the owner of the house as of January 1, 2024, are basically the same.