Quote:
Originally Posted by figgyburn
Re valuating the council tax to current day values would help greatly towards the debt.I live in a crap area of Edinburgh and i am in band A tax band(value of house up to £27,000) my house is worth today (circa £140,000)
Hell, a single car garage in some parts of Edinburgh costs way more than £27,000!.
No wonder councils are struggling for cash with the obsolete council tax banding.
The SNP up here bribed us to vote for them by freezing council tax for a good number of years.Yes, it will effect me and yes, i would gladly pay the increase as we are all supposed "to be in this together".
|
Revaluation to 2020 prices wouldn’t make any difference to you, if your house was in a poor area in 1990 and still is today. Council tax works on relative values, so the cheapest houses are always in band A, regardless of their absolute value. Where revaluation makes a difference is in areas that were poor in 1990 and have gone through the “up and coming” phase, and are now fashionable. In such cases you can see houses move up a couple of bands and attract a higher council tax bill.
It’s also worth remembering that a council can revalue a house whenever it’s sold, so despite them having to do a reverse-inflation calculation to work out what its sale price would have been in 1990 terms, it can move up a band or two if its value has improved due to having had work done on it, or if the whole area has improved. We got caught out this way when we bought ours about 15 years ago. It had had an extension since its previous sale and went from band D to E because of what we paid for it.