Hallucigenia wrote:Lootman wrote:Your analogy of US property taxes has a few flaws
Did I claim it was a perfect analogy, or indeed an analogy at all? All tax systems work slightly differently, but the difference between Buck House paying less than £2k, and less than Band B properties in other parts of the UK, compared to the millions that it would be liable for in New York say, is a glaring anomaly.
Converting Band H to a property tax would go some way to removing that anomaly, even if it was only levied at say 0.5%.
Another point of view is that council/property taxes should be capped. After all owning a huge house does not necessarily mean that you have the cash to pay millions a year in council tax. The tax is to pay for local services and is not formally an instrument of wealth redistribution.
In any event do public properties even pay council tax? Buck House belongs to the nation and not the royal family.