hugh wrote
Adrian Simpson wrote
hugh ] wrote

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.

Most of the houses in my street were built in 1939. Up until 5 years ago, one of them was still lived in by its
original occupant. How would you have valued that one ?

Well the occupant has paid property tax for 73 years so why worry?

Because they have paid a lot less property tax than
someone who has chosen to move around a lot more.

Should the tax system be encouraging people to stay in massive
great houses that they rattle around in once the kids have left etc ?

Why should the stinking rich that have inherited a massive
mansion get alway with paying bugger all property tax ?