Scotland Targets Million-Pound Homes with New Tax | Edinburgh News

Scotland’s government is proposing a major council tax overhaul targeting the priciest homes, aiming to nearly double rates for properties valued at £1 million or more—up to £7,700 annually. This would affect around 15,000 homes, mostly clustered in Edinburgh and rural hotspots, with new tax bands (I and J) introduced to better reflect property value and promote fairness. A targeted revaluation of high-value homes—currently based on 1991 valuations—will determine eligibility, and funds will be shared among local councils. Though still in consultation and awaiting parliamentary approval, the plan seeks to modernize an outdated system while sparking cross-party dialogue on broader reforms. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/b18e905440f2facb