Council tax increases also wouldn't have much of an effect on empty properties in central London because of the band system; tax on a property in Kensington wou

Council tax increases also wouldn't have much of an effect on empty properties in central London because of the band system; tax on a property in Kensington would max out at £2124.04 before surcharges, or 0.02% on a £10M house. The property tax on a comparable house in Manhattan (based on checking MLS records for listings in Chelsea and picking a $13M townhouse) would be $44 000/year.