Skip to contentSwipe for next articleIndependent Bulletin homepageDownload our appAllNewsSportCultureLifestyleWant to bookmark your favourite articles and stories to read or reference later? Start your Independent Membership today.Join todayAlready a member? Log inAlbert TothThursday 24 September 2026 16:05 BSTRelated: Beach hut owners unhappy over being charged full second home council taxThink tank the Resolution Foundation has called for council tax and stamp duty in England to be replaced by a new 0.7 per cent proportional property tax.The report highlights that London households underpaid by £3.1 billion in 2024-2025 due to an outdated tax valuation system based on 1991 property bands.Under the proposed overhaul, 80 per cent of London households would face higher bills, with the top 20 per cent paying an average of £950 more annually.Most households outside the capital would benefit from the changes, with 85 per cent of homes in the North East saving an average of £710 a year by 2030-2031.The proposals aim to fix severe inequities in the current system, which can result in standard homes in Blackpool paying more tax than £10 million mansions in Mayfair.In fullLondoners should pay up to £950 more a year to fix council tax, Burnham toldMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in