Britons pay the highest property taxes in the developed world
UK residents are paying twice as much as the international average, a report by the influential think tank Policy Exchange found.
Property taxes in Britain cost the equivalent of 4.1 per cent of gross domestic product – around £70 billion — in 2011, the think tank said. The OECD average is 1.8 per cent.
We get more of our tax revenues from property taxation than any other member of the OECD.
Vastly more in fact. Meaning that anyone at all who starts bleating that property is undertaxed is either ignorant, a moron or lying.
And no, don’t then start bleating about land value taxes: they are conceptually different from property taxation.