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> while a piece of land pays property taxes. In some countries taxes are annual. In the UK you pay taxes when you buy/sell property, or land. You don't need
by stevekemp 8mo ago
> while a piece of land pays property taxes.
In some countries taxes are annual.
In the UK you pay taxes when you buy/sell property, or land. You don't need to pay land/property taxes every year.
- lanceflt 8mo agoCouncil taxes are property taxes and are monthly.
- dghf 8mo agoWell, technically they're annual, but you're allowed to pay them in arrears over 10 or 12 months.
- stevekemp 8mo agoCouncil taxes could be considered propertie taxes, I guess, though I've always thought of them as paying for rubbish collection & etc. However council taxes are paid by the residents of a property rather than the owner of a property. Granted these are often the same, but consider the case of a landlord with five properties the tenants would be paying those. In the sense that Americans talk about property taxes as an annual thing I believe that distinction makes it a slightly different thing.. (And council tax is only a thing for property, if you buy a chunk of land with no houses upon it you pay nothing.)
- mvc 8mo agoThey're not exactly proportional to the value of the property though are they? There's folks in London with multi-million pound mansions who pay the same or less in council tax than a family home in the suburbs.