LVT: fact and figures

How is the LVT rate calculated?

taxes-to-be-replaced / total-land-value * 100


34 billion / 2000 billion * 100 = 34 / 2000 * 100 = 1.7%

34 billion is approximately the amount raised by Council Tax in 2018.

We won't know the total value of all land until it has been registered and valued during the first stage of implementing LVT.

Note: older readers may not like it but the world now uses the American system for large numbers:

  • 1,000 x 1,000 = one million
  • 1,000 x 1,000 x 1,000 = one billion
  • 1,000 x 1,000 x 1,000 * 1,000 = one trillion

So, 2000 billion is 2 trillion = 2, 000, 000, 000, 000.

Sources of data

Most of the raw data comes from Government web sites and a good starting point is to search the Open Data site. Please also see our page "Doing your own research."

The data is not always up-to-date and some of it is not "open" - you can't download it.

We have created a spreadsheet with a sample of data relevant to Land Value Tax.

Please click/tap the image for a larger version or download the spreadsheet from here.

Key points

Important note

Real data, on which LVT will be based, would be collected as the first stage of the implementation process.

The data here should not be treated as definitive in any way.

  • The spreadsheet is set up to show how LVT could replace Council Tax and Business Rates (NNDR: National Non Domestic Rates).
  • Try adjusting the percentage rates for Residential, Business and Other (other is mainly agricultural land).

    The "Shortfall/surplus" value provides a check that you have collected the same as the current Council Tax and Business Rates. Values in red show you have no collected enough.

  • The rates could be the same or there could be separate rates for residential, business and other land. However, "land is land", no matter what it's use, and it's value depends on where it is and what it may be used for.

    We favour a common rate for all so Business Rates don't act as a disincentive to startups and small businesses.

    The choice is a political one - pressure from home owners and the media may result in business paying more.

  • With LVT rates of Residential: 1.5%, Business: 8.0% and Other: 1.5%, the split of the "tax take" between Council Tax and Business Rates is roughly the same as now.
  • All other taxes could be scrapped with an LVT rate of 25% across the board - we are not suggesting this - but it is interesting! No Income Tax, no VAT, no National Insurance, no Corporation Tax, no Inheritance Tax ...