Published: 19th Mar 2020

Revaluating council tax could play a key role in the government’s ‘levelling up’ agenda and help those on low incomes, the young and disabled, according to a new study. The study by the Institute for Fiscal Studies (IFS) claims average bills would fall in the Midlands and North and much of the South West if properties were revaluated, based on 2019 house prices. Council tax bills are currently based on the on the price a property would have sold for on the open market on 1 April 1991 in England and 1 April 2003 in Wales. According to the research re-evaluating properties to 2019 prices would lead to a 20% fall in average bills in most of the Midlands and North. The biggest reductions would be in Lancashire, with average bills down 15% in Fylde and Wyre and 13% in Ribble Valley. While the biggest increases would be in inner … (To read the full article, subscribe below)