How much will I pay?

How much any household would actually pay each year depends on two things:

1. Which taxes are replaced.

A modest LVT on housing, which just replaced Council Tax, SDLT, Inheritance Tax and the TV licence fee (the last two raise similar small amounts, about £4 bn per annum in the UK) would be about 20% of site premiums each year, or about 0.5% of current selling prices. Very few households would be winners or losers in the longer term.

2. How much that household's earned income (i.e. just about all income apart from rental income) is compared to the value of the home they occupy.

If damaging taxes on output and employment/self-employment (VAT and National Insurance) were replaced, then most working age households in average value homes (for that level of income) would pay a lot less in tax and, clearly, a minority would end up paying a lot more than at present.

This online calculator gives an indication of how much more or less tax a household would pay each year, depending on that household's earnings and the value of the home they occupy.

[Yes, that calculator has to be updated and put into LVTC format, I'm working on it]