Mansion tax

A mansion tax is a common name for an annual property tax on high value homes, although the term itself is widely regarded as a misnomer. The tax was only a proposal in the United Kingdom, but proved very controversial and received widespread media coverage. It did not go ahead. Many US states levy a surcharge on the highest-value homes or have a progressive taxation in their real estate transfer tax system, sometimes referred to as “mansion taxes.” rdf:langString