Council tax revaluation imminent

Grovelawn Financial News 07/03/2008

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Households could face bigger bills

Council chiefs have decided that a sweeping revaluation of council tax bands. The changes could mean that up to four million households will be asked to pay more than they do currently. The Local Government Association (LGA) are expected to ask the government to stop stalling the implementation of an increase originaly planned for 2005.

A total of eight million households would be affected with four million being marked down. The original poll tax , later replaced by the council tax, placed homes in to eight different bands based on property values at 1991 levels. The homes in the top band pay three times the amount of those in the bottom band. The LGA says that properties should be placed in the correct band and that it was not looking for just an increase in the tax payable. A recent revaluation of the tax in Wales was seen as a disaster that had a shattering effect on owners as their bills increased dramatically.

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