harry wrote:
On Oct 14, 11:49 am, "Doctor Drivel"
wrote:
wrote in message

...

Tony Bryer wrote:
The same way as in Australia? Our rateable values are reassessed
regularly ...

Exactly. The only thing wrong with Council Tax is that the
value it's based on is not reassessed regularly, and that it's
set in bands instead of X-percent of assessed value.

Good point. You are getting there. It also takes into account the
building, which is CAPITAL. Taxing a building is daft, like taxing
your washing machine. The building depreciates, the LAND appreciates
- a house price is the land and building value rolled into on. The
building (CAPITAL) is similar to a car - drops in value.

Not over here it doesn't. (UK)

What doesn't?