There is likely to be considerable cross- and within-region variation in housing wealth. This paper examines how housing wealth has varied in the United Kingdom over the boom and bust period of 1983-93. It also analyzes, for the period 1989-93, the relationship between housing wealth, household...

The U.K. government plans to introduce an attenuated property tax, based on banded capital values, to replace the community charge. This paper examines the case for a property-based form of local taxation and emphasizes the hitherto neglected question of its contribution to equity goals as a...