Is council tax in the UK just another word for property tax? Do they mean the same thing?
- Max HooplaLv 79 months ago
It is analogous to property tax in the US but works a bit differently.
- sunshine_melLv 79 months ago
It's more a local services tax; the money goes towards maintenance and upkeep of local services (eg social services, schools, parks, roads, police, fire service etc)
- Anonymous9 months ago
Council Tax is different. All householders pay anually to their local council for services.
There are two forms of property tax in the UK. When you buy a property in the UK over a certain threshold you must pay Stamp Duty Land Tax (SDLT). SDLT only applies to residential properties valued more than £125,000, or to non-residential land and properties bought for more than £150,000.