固定資産税

Translation

real estate tax / rates

Meaning

A levy imposed by a local government on the value of real estate owned by an individual or business.

Examples

• Rising property tax rates have made it difficult for some retirees to remain in their family homes.
  固定資産税率の上昇により、一部の退職者が住み慣れた家にとどまることが難しくなっている。
• The city uses revenue from the property tax to fund local public schools and emergency services.
  市は固定資産税からの税収を、地元の公立学校や緊急サービスの資金に充てている。