Property tax

Old Feb 15th 2021, 1:14 am
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Default Property tax

What is the UK equivalent to the US’ property tax? Is it also based on a percentage such as 1% or 2% of the property purchase value? How is the property tax (if any) in UK different to council tax?
Thanks!
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Old Feb 15th 2021, 6:46 am
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Default Re: Property tax

Originally Posted by Peter.st.giles View Post
What is the UK equivalent to the US’ property tax? Is it also based on a percentage such as 1% or 2% of the property purchase value? How is the property tax (if any) in UK different to council tax?
Thanks!
There is no property tax, just council tax, which is also based on the property size/value (so you’d pay more for a 5 bed detached than a 1 bed flat).

There’s also stamp duty to be paid when you purchase a home (unless under the threshold), but that’s a one off fee.

HTH.
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Old Feb 15th 2021, 4:41 pm
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Default Re: Property tax

The amount one pays for property tax in some parts of the US (usually thousands of dollars, if not tens of thousands), cannot compare with what one pays for council tax in the UK.

My sister who has a 4 bedroom house in Norfolk is astounded by how much I pay in California for my 4 bedroom house. Sure, mine is large is square footage but nothing to make up for the huge difference in costs.
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Old Feb 17th 2021, 11:44 am
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Default Re: Property tax

Originally Posted by Peter.st.giles View Post
What is the UK equivalent to the US’ property tax? Is it also based on a percentage such as 1% or 2% of the property purchase value? How is the property tax (if any) in UK different to council tax?
Thanks!
Google is your friend: https://www.gov.uk/topic/local-government/council-tax
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