Mr. Ronan Lyons:

When any country has had an opportunity to put in place a property tax system from scratch, it has avoided bands. The UK is stuck using 1991 values more than 20 years later. We should put in place the simplest system that achieves the same effect. If one wants to punish vacant lands and sites, which is already done via site-valued taxes and, as such, an extra system is unnecessary, I recommend that it be done via a per person tax credit, which would further shift the burden of taxation away from people and onto land.