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Old 28-09-2010, 10:15   #12
Chris
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Join Date: Jun 2003
Location: North of Watford
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Re: Council tax revaluation ruled out

No ... house valuations for council tax purposes are based on their value in 1991. The argument in favour of revaluation is that in the 20-odd years since, houses have not all increased in value at the same rate. Based on a 2010 valuation, some homes would go into a higher band while others would drop to a lower band. The argument against revaluation is the likelihood that more homes would move up a band or two than down one, resulting in hefty council tax increases for many people.

I have first-hand experience of this, and it's not pleasant. A house can be re-banded when it is sold; a few months after we bought ours we got a letter saying it was going up a band. They never visited as far as I'm aware, however a few nifty calculations revealed that they had pretty accurately extrapolated its 1991 value, allowing for inflation, from what we actually paid for it in 2005.
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