noun
benchmark land price
Technical term used in Japanese property taxation; refers to the standard assessed value of land for fixed-property tax purposes.
固定資産税は基準地価をもとに計算されます。
Fixed-property tax is calculated based on the benchmark land price.
公示地価 is the officially announced land price used as a reference for land transactions, while 基準地価 is specifically used for fixed-property tax assessment.
Compound of 基準 (standard) and 地価 (land price).