What does Council Tax mean?

Before 1993, this was known as Charge Tax, and since then as become Council Tax. As a property owner, you will receive on a yearly basis one circular where it is stated how much you have to pay. Certainly these taxes differ from property to property and are usually subject to the valuation banding of your property.

Besides valuation banding other factors to be taken into consideration is the number of persons living in the same household, and other special benefits the members might be authorized to receive.

Council tax bands are calculated and named from letter A to H –valued bands. A band value is for properties valuing up to £40,000 and usually the amount required is around £845. Furthermore, a D band valued property which’s value varies between £68,001 and £88,000, will have to pay a tax equal to £ 1,268; while an H band valued property supposes its value exceeds £320,000 and for this the property owner will pay £2,536.