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Council tax isn't property tax because it's not percentage based. It's also not levied on the owner of the property but the occupier. The valuation of your fla
by esotericn 8y ago
Council tax isn't property tax because it's not percentage based. It's also not levied on the owner of the property but the occupier.
The valuation of your flat could quadruple and the council tax would stay the same.
I think it makes sense. Council tax pays for amenities. The rent in London might be five times higher than $insert_northern_town but it doesn't cost five times as much for the bins to be taken out.
- scarejunba 8y agoIt's percentage-based but against a fixed basis in the year 1991. Sort of like if everyone in California had access to a variant of Prop 13. US states usually have percentage based against a variable basis. I prefer the UK method, personally, but the US method that California uses is quite something to behold. It freezes your property tax to the date you bought your property except for a 1% change per year.
- esotericn 8y agoIt's not percentage based at all. There's an upper band beyond which the tax rate is fixed regardless of how much the property cost in '91. Also, see the above poster's comment for an example table: https://www.cambridge.gov.uk/council-tax-bands-and-charges https://www.cambridge.gov.uk/council-tax-bands-and-charges A 200K (assessed in '91) property pays about 2.5x what a 40K (assessed in '91) property does. Not 5x.
- scarejunba 8y agoHmm, fair enough.