UK has highest property taxes of developed nations - and going up | Personal Finance | Finance

The UK now has the highest property taxes of any developed nation, according to a new analysis, with households and businesses bracing for increased bills starting next week.In the 2023/24 tax year, the UK's property tax burden - encompassing council tax, business rates, and stamp duty - was 3.7% of its gross domestic product (GDP). This rate is the highest among advanced economies, surpassing other nations like Luxembourg, France, and Canada, which all had property tax burdens ranging between..