The CIL in the USA...

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Unconstitutional unless supported by real impact costs..

 

 

[Alan Ambrose]

One thing I found recently was that annual property taxes in the US can be 2-6% p.a. (!) based on market value.

 

That means that people (e.g. retirees) can get priced out of their homes if market values move up sharply.

 

Estate agent fees (Realtors) used to charge a standard 6% (!) and that has recently gone free market.

 

It makes our council taxes (mine is ~0.5%) and our estate agent fees of ~1% seem seem puny by comparison.