Article 351Minimum Taxable Amount of Fixed Assets Tax

A municipality may not impose fixed assets tax if, for the same person, the amount that is to be the tax base of fixed assets tax imposed on land, houses or depreciable assets owned by the person within the area of the municipality is less than 300,000 yen for land, 200,000 yen for houses, or 1,500,000 yen for depreciable assets; provided, however, that if there is a need on fiscal or other grounds, the municipality may impose fixed assets tax as provided by a Municipal Ordinance of the municipality even if the amount is less than 300,000 yen, 200,000 yen or 1,500,000 yen, respectively.