URL Rewrite on IIS from http to https is not working,

I realize this may not be your issue, however I had a similar debacle that was cause by a different problem.

I had enabled Require SSL and that caused the site to continually return a 403. So to use this method it appears you must disable SSL Settings -> Require SSL.

Hope this helps someone.

Below is the exact rule we use on a production IIS 7 site to redirect all request from HTTP to HTTPS

<configuration>
  <system.webServer>
    <rewrite>
      <rules>
        <rule name="Redirect to HTTPS" stopProcessing="true">
          <match url="(.*)" />
          <conditions>
            <add input="{HTTPS}" pattern="^OFF$" />
          </conditions>
          <action type="Redirect" url="https://{HTTP_HOST}/{R:1}" redirectType="Found" />
        </rule>
      </rules>
    </rewrite>
  </system.webServer>
</configuration>

There are some minor differences between what you have posted and what we use. Also, since you are running on local host, you wouldn't be using the built-in web server with visual studio would you? I don't think it will process IIS rewrite rules.