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The Japanese Land Tax Reform of 1873, or chisokaisei (地租改正) was started by the Meiji Government in 1873, or the 6th year of the Meiji period.It was a major restructuring of the previous land taxation system, and established the right of private land ownership in Japan for the first time.
The Land Tax Reform of 1873 was the first modern land law, and contributed to the economic growth of the Meiji period, destroying the old economic and social system and creating the new system. The law increased tax revenue and boosted farm productivity by issuing the title deeds to buy and sell land freely.
The first modern land reform, called the Land Tax Reform or chisokaisei (地租改正), passed in 1873, six years after the Meiji Restoration. It established the right of private land ownership in Japan for the first time and was a major restructuring of the previous land taxation system. [133]
A land value tax (LVT) is a levy on the value of land without regard to buildings, ... After the 1868 Meiji Restoration in Japan, land tax reform was undertaken. An ...
The Land Tax Reform of 1873 was another significant fiscal reform by the Meiji government, establishing the right of private land ownership for the first time in Japan's history. Many of the former daimyo, whose pensions had been paid in a lump sum, benefited greatly through investments they made in emerging industries.
After the end of the Tokugawa shogunate with the Meiji Restoration of 1868, Japanese agriculture was dominated by a tenant farming system. The Meiji government based its industrialization program on tax revenues from private land ownership, and the Land Tax Reform of 1873 increased the process of landlordism, with many farmers having their land confiscated due to inability to pay the new taxes.
It takes time for committees to examine any issue, and property tax reform is a messy one. Because of that, some officials have called for more immediate action to alleviate the burden of homeowners.
Matsukata moved to Tokyo in 1871 and began work on drafting laws for the Land Tax Reform of 1873–1881. [3] Under the new system: a taxpayer paid taxes with money instead of rice; taxes were calculated based on the price of estates, not the amount of the agricultural product produced, and