The main taxes that need to be paid every year for holding Japanese real estate are:

1. Taxes

Fixed asset tax and urban planning tax are imposed on January each year. Municipal tax levied on the owner of real estate on the 1st. Notifications are issued around April each year, and payments are made in four installments each year starting from June.

If it is a newly built house, you can enjoy tax deductions within 5 years of purchase, so the tax amount is lower. The tax will increase in the 6th year. This should be noted.

2. Monthly payment

Management fee

Management fee refers to the community land and the most used parts of the building (elevators, corridors, etc.) ) cleaning, maintenance, electricity bills, etc., expenses required for daily and regular management. The fees are paid to the "owners committee" composed of all the owners of the community. This fee is usually collected by the property management company.

Maintenance Fund

The maintenance fund is a fund established to carry out necessary maintenance of the building on a regular basis in order to maintain the building for a long time. If the maintenance fund is too low, there is a risk that repairs may not be adequately carried out when needed.

As with management fees, savings are made in the name of the "owners association."

Parking fees, etc.

When using community public facilities such as parking lots and bicycle parking lots, you must pay a monthly (or annual) usage fee. Lofts and private gardens are also considered part of the property and are therefore subject to usage fees. These fees act as a management fee or maintenance fund.