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.
Roadside land prices are announced by the National Tax Agency every July.
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.