noun
roadside land price; assessed value of land along major roads
A specific tax term used in Japan for the assessed value per square meter of land facing major roads, serving as the basis for calculating inheritance and gift taxes.
路線価は毎年7月に国税庁から発表されます。
Roadside land prices are announced by the National Tax Agency every July.
相続税の計算には路線価が使われます。
Roadside land prices are used to calculate inheritance tax.
固定資産税 is the annual property tax, whereas 路線価 is a valuation used primarily for inheritance and gift taxes.
Compound of 路線 (road line, route) and 価 (price, value). The term is a technical coinage used in Japanese tax law.