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most advanced countries in the world DO have property taxes. Why do you think that's not the case?
by luckydata 8y ago
most 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.