official land price; assessed land value
Refers to the publicly announced standard land price used as a benchmark for property transactions and taxation in Japan.
The official land price is announced every year with January 1st as the reference date.
The assessed land value in this area has risen since last year.
地価 is the general term for land price, while 公示地価 refers specifically to the officially announced land price published by the government.
Compound of 公示 (public announcement) and 地価 (land price).