After the Council Tax: Impacts of Property Tax Reform on People, Places and House Prices

Chris Leishman, Glen Bramley, Mark Stephens, David Watkins, Gillian Young

Research output: Book/ReportCommissioned report

Abstract

The Council Tax is widely discredited. Would taxing property values be fairer? Could such a tax help to reduce housing market volatility? This report assesses the likely impact of a property value tax.
• A progressive property value tax would reduce the size of median gross
bills by £279 a year compared to the Council Tax.
• Almost two-thirds of households would see bills fall by more than 10%,
while fewer than one-quarter would experience increases of more than
10%.
• A progressive property tax would reduce gross median bills for the poorest
tenth of households by £202, and increase them for the top tenth by
£184.
• Bills for people living in London would rise across the income distribution,
so London may have to be treated separately.
• A property tax could have a supporting role in reducing house price
volatility.
Original languageEnglish
Place of PublicationYork
PublisherJoseph Rowntree Foundation
Number of pages51
ISBN (Electronic)978 1 90958 620 8
Publication statusPublished - Mar 2014

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