Owners of real estate in Japan usually pay annual fixed asset tax. In some areas, city planning tax may also apply. These taxes are part of the ongoing cost of ownership.
Who pays
The registered owner as of the tax assessment date is generally responsible for the annual tax bill.
What affects the amount
The tax is based on assessed value, not always the market price. Land, buildings, location, age, and local rules affect the amount.
Why foreign buyers should care
A cheap property still has annual taxes and maintenance. If the house is vacant, you must still manage payments and notices.
Before publishing, add updated tax rates and cite local government or tax-office sources for accuracy.