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Land Prices in Okinawa Prefecture Are Projected to Rise by 6.6% in 2026, the Second Highest Increase Nationwide, with Nago Experiencing a Sharp Rise Due to the "Jangria" Effect.
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On January 1st, the Okinawa Regional Taxation Bureau announced the prefectural land valuation rates (as of January 1, 2026, per square meter), which are used as the basis for calculating inheritance and gift taxes. The standard assessed value of residential land, which is the basis for calculating the land valuation rates, increased by an average of 6.6% compared to the previous year, marking the 12th consecutive year of increases.
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