"hugh" ] wrote in message
...
In message , John Williamson
writes
hugh wrote:
In message , John Williamson
Council tax valuations

The revaluations should have been no more than five years apart.

Revaluation should only take place when a property is sold IMO. That is
the only point at which the value of the property has any relationship
with your income.

Then you get the situation where, like my previous home, it doesn't change
hands for ten years, by which time it had almost quadrupled in value. the
one over the road changed hands four time while I was there, and septupled
in value over the same period, before dropping back to five times it's
2001 value. Under the current system, they're both in Band A, and both
sold for about the same price in 2001.

I know a number of people who have been in the same house for over thirty
years. Are you suggesting that their property taxes should be based on a
value from the 1970s?

Why not? Their property value now is determined by what other people can
afford to pay for it, whereas they may well could not now afford to buy it
themselves.

The reality is the whole principle of a property tax is largely "unfair".
But first you must define what criteria for assessing "fairness".

Property is the bricks on the land - CAPITAL. The land is well LAND (LAND &
RESOUCES)

Glasgow is wanting Land Valuation Tax:
http://www.youtube.com/watch?feature...&v=XtZ-uOaLZdA