Tag Page PropertyTax

Richmond’s ‘mansion tax’ hits regular homes

In Richmond, what’s being called a ‘mansion tax’ is actually landing on many ordinary family homes—think 1930s houses, not palatial estates. With even modest detached homes topping £2m, locals are feeling the pinch from the new council tax surcharge set for 2028. Some residents worry it’s just another burden for buyers and sellers, especially older homeowners who’ve watched their property values soar over decades. Others say it could push more people to downsize or move out of London. Do you think this tax is fair, or does it miss the mark for places like Richmond? #RealEstate #Richmond #PropertyTax