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stevekemp 7 hours ago

> while a piece of land pays property taxes.

In some countries taxes are annual.

In the UK you pay taxes when you buy/sell property, or land. You don't need to pay land/property taxes every year.

lanceflt 7 hours ago | parent [-]

Council taxes are property taxes and are monthly.

stevekemp 3 hours ago | parent | next [-]

Council taxes could be considered propertie taxes, I guess, though I've always thought of them as paying for rubbish collection & etc.

However council taxes are paid by the residents of a property rather than the owner of a property. Granted these are often the same, but consider the case of a landlord with five properties the tenants would be paying those.

In the sense that Americans talk about property taxes as an annual thing I believe that distinction makes it a slightly different thing..

(And council tax is only a thing for property, if you buy a chunk of land with no houses upon it you pay nothing.)

mvc 3 hours ago | parent | prev | next [-]

They're not exactly proportional to the value of the property though are they? There's folks in London with multi-million pound mansions who pay the same or less in council tax than a family home in the suburbs.

dghf 6 hours ago | parent | prev [-]

Well, technically they're annual, but you're allowed to pay them in arrears over 10 or 12 months.