All entries for Tuesday 24 May 2005

May 24, 2005

Most People in High Value Homes Can Afford Local Taxes

Writing about web page http://www2.warwick.ac.uk/newsandevents/pressreleases/NE1000000107781/

The value of property is linked more closely to income and ability to pay tax than many people think, according to new research by the Institute for Employment Research at the University of Warwick.

With council tax still a hot issue, a study sponsored by the ESRC and led by Dr Michael Orton, of the University of Warwick, found that the problem of people on low incomes living in high value properties may also be less common than often assumed.

Dr. Orton said: "We found that for owner-occupiers there is overall a clear and positive relationship between household income and property value, with few exceptions. This remains the case when different measures of property value are used, and is the same for couples or single people.


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