I bought my house new a year ago for 20m yen cash. I got my tax bill the other day and the taxes were based on a 5 million yen estimated value including land and building
While I don’t really care that the estimated value is so low because i own the house and plan to live here forever… and in fact it does give me a lower tax bill…. I can’t help to feel funny that i paid 20m for something someone thinks is worth 5m just one year later
Or is it normal for the tax value to be much lower than actaul value?
by fireinsaigon