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Agreed, just most countries in the world don't have any property taxes, so was surprised to see Japan as having them. edit: I do agree there are some common pr
by rb808 8y ago
Agreed, just most countries in the world don't have any property taxes, so was surprised to see Japan as having them.
edit: I do agree there are some common property taxes globally, but they're just a few hundred or at most 1-2k a year, not like 1-2% in some of the US states (and Japan) https://en.wikipedia.org/wiki/Property_tax https://en.wikipedia.org/wiki/Property_tax
- walshemj 8y agoI think most developed countries do in some form
- luckydata 8y agomost advanced countries in the world DO have property taxes. Why do you think that's not the case?
- cheerlessbog 8y agoSome places they are capped rather then percentages, I believe this is the case in the UK.
- rcxdude 8y agoThe UK doesn't have a direct property tax. The closest thing is the council tax (which is linked to the notional value of your home in 1991), but that is generally paid by the occupants, not the owner (and may be discounted or increased if a home is left empty depending on the disposition of the local council). It also doesn't update as the market changes, because it's effectively frozen 30 years ago.