Homes is Kensington and Chelsea cost more than £1m - but residents have much lower council tax bills than in other areas
Homes is Kensington and Chelsea cost more than £1m - but residents have much lower council tax bills than in other areasThe Prime Minister’s spokesman said on Wednesday that the council tax cap of 5 per cent will remain in place in the coming year, paving the way for local authorities to raise the levy., councils can increase tax rates by up to 5 per cent and require government permission to go beyond this figure.
Even though the London borough of Kensington and Chelsea has the highest house prices in the country and some of its wealthiest residents, households nearly all council areas will pay more, official data shows. But in Rutland, in the East Midlands, which has the highest council tax rate in England, residents will see their bills rise from £2,543 to £2,670 – up £127.Nottingham, Dorset and Lewes are also set to pay more than £2,000 a year if authorities in those areas raise tax by the maximum 5 per cent.
Ms Pacitti said: “You can have a very high level of housing wealth and be paying a relatively low level of council tax comparative to the value of that property, whereas you could be living or renting in a far, far lower-value property, and relative to that be paying a lot more council tax.“Council tax is not very well targeted to capture the rises in house prices that we’ve seen, particularly in the past couple of decades.
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