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Equity release products, it says, are needed for lower value properties than are currently available.
Not met – This was blocked by the Conservatives although taxing higher value properties is still party policy.
In response, Finance Commissioner Martha E. Stark said that her staff was "doing what it is supposed to do, which is to accurately value properties".
To Clegg's face, Cameron said that he would not raise additional revenues from increased taxes on higher value properties because Tory donors would not have it.
Arithmetic averages tend to lead to a higher average price due to the larger impact of higher value properties on the mean.
It urged the next government to radically reform council tax by re-evaluating properties and creating new bands with higher rates for high value properties.
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Why don't we treat higher-value properties in the same banded way with council tax bands as we treat lower-value properties?
This is partly due to the government forcing rent reductions on town halls, thus curbing income from social housing, and then ordering them to sell high-value properties.
We also know that some high-value properties, especially in London, are being bought by people overseas through anonymous shell companies, using plundered or laundered cash.
He said: "We know that some high-value properties, especially in London, are being bought by people overseas through anonymous shell companies, using plundered or laundered cash".
But Clegg said he would continue to make the argument, adding that an increasing number of Conservatives understood the merits of more tax on high-value properties.
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