October 23, 2006
So you thought your property taxes were high?
According to an international survey Britain has the highest property taxes in the world.
The report found taxpayers paid out 3.35 per cent in property taxes last year compare to Britans closes rival, the U.S, paid out just 2.79 per cent. The French taxpayers paying 2.15 per cent. Germans pay 7 times less property taxes than the Brits according to the table compiled by the Organisation for Economic Cooperation and Development.
The figures show British households pay 64 per cent more in property duties than the French and seven times more than German homeowners. Germany, Ireland, Austria and Switzerland charge their taxpayers less than half a per cent of national income in property taxes.
The cost of living in a British property was almost 70 per cent higher than the international average. And as one disgruntled citizen complained that what do they get for this but terrible health service, unsafe streets, unreliable transportation, late mail deliveries, deteriorating educational system, rampant welfare cheats
Nevertheless, high property taxes impose stiff restrictions on middle and low income earners, the very people who the government seeks to help. Economical tax reform needs tax ceilings, strict budgets and incentives to lower taxes. Tax cut have been proven to energize communities and nations. Tax increases have proven to have the opposite effect.
Filed under Blogroll, Worldwide Property Taxes by admin














