"hugh" ] wrote in message
...
In message , John Williamson
writes
Tony Bryer wrote:
On Wed, 14 Mar 2012 04:39:51 -0700 (PDT) Jgharston wrote :
Here in the UK the populous threaten revolution at the very
hint of a mention of the suggestion of a revaluation after
20 years.
Yet a tax based on what your house would have been worth in 1991 (even
if it wasn't built then) sounds like something out of the Monster Raving
Loony Party's manifesto. It seems lost on the average Mail reader that
*on average* a revaluation will not affect anyone's council tax,
subject to the revaluation not being used as an excuse to increase
spending.

Ah, but it*will* be used as that excuse. That's what Daily Mail readers
realise that some others don't want to admit.

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.

It should be done annually. Land Valuation Tax does that. No other tax. No
income tax, VAT , inheritance tax, etc. Used in the USA, Auss, Taiwan, Hong
Kong, Singapore. LVT took rural, uneducated, backwater, Taiwan to a world
technological power. People's labour (production) is not curtailed.
Enterprise flows.