Of course you're frightened of the "land tax", LadyInCement because you've been subjected to the finest scaremongering the Tory press can offer.
At the moment, we have a less-than-perfect system of local taxation called the council tax. That replaced a similarly imperfect system called the poll tax, which replaced a system that had worked well for years, known as the rates. The rates weren't perfect either but they were simple and logical.
Here's what the Independent says about land taxes (and bear in mind that this is something under consideration, not a definite plan):
"Land value taxes are paid by landowners on the unimproved rental value of their land. They are recommended by many economists – ranging from Adam Smith to the Institute for Fiscal Studies – because they are considered to be economically efficient.
"Land ownership is highly concentrated in Britain, with 432 people owning half of all private rural land. One man, the Duke of Westminster, owns 133,199 acres, including 300 acres in central London.
"As a result, a move to LVT could see a dramatic shift in property taxation towards wealthy property barons, with most people getting a cut."
But why let the facts get in the way of some tedious Tory scaremongering?