noun
assessed value of land; official land price
Refers to the officially assessed value of land, often used in contexts of taxation or public land evaluation.
公定地価は固定資産税の計算に使われる。
The assessed land value is used for calculating property tax.
公示地価 is the officially announced land price used as a benchmark for transactions, while 公定地価 is the assessed value for taxation purposes.
路線価 is the assessed value of land along major roads, used for inheritance and gift tax calculations, whereas 公定地価 is a broader term for official land assessment.
Compound of 公定 (official assessment) and 地価 (land price).