I'd be interested to know what people think of this, especially considering rumours that the 25% single person's discount may be abolished.
fairershare.org.uk/
The main points are:
Council tax, Stamp Duty and Bedroom Tax would be abolished and replaced with a Proportional Property Tax
Annual and automated valuations*
Exemptions would end
Based on .48% of property value but .96% for overseas investors
Landlord pays, not tenant (but I could not find any reference to social housing tenants)
They claim 75% of households would see a reduction but any increases are capped at £100 per month (but they do not say if this is transitional in any way and the reduction is based on the full Council Tax so not necessarily a reduction for single householders)
Rises annually by average rise in property values over last 3 years but would stay same or reduce if property values stagnate or fall.
- The existing Valuation Office Agency (VOA) will continue to be responsible for valuation, though under our system most valuations will derive from actual sales data and recent changes to house values in your area. We believe the government could use the wealth of data it already has to build an algorithm similar to those used by websites like Zoopla and Rightmove in making their estimates. Such a system would allow each and every home to be accurately valued based on its unique characteristics.
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Personally I would be paying roughly the same as I am paying now but most of the houses in my street are occupied by more than 1 person so they would all get reduced bills.
My main reservations are:
They are a bit vague, or naive even, about valuations being accurate although presumably you could appeal
I do not believe that bills would stay static/fall in line with house prices
High house price increases would mean large increases in bills
Tenants are the ones using local services so should pay the tax themselves
What do you think?