Council tax rises: How much YOUR council tax could increase by this year | Personal Finance | Finance

0

It’s no secret that council tax is set to rise in many different areas of England in 2022. In the October 2021 Budget, Chancellor Rishi Sunak revealed that local authorities could increase rates by up to three percent without a referendum. An additional two percent could be added to go towards adult social care. However, the exact amount your council tax could rise depends on where you live and which band your property comes under.

By 2024 or 2025, council tax bills will have to rise by at least £160, according to the Government.

Council tax typically funds things like state schools and local services, but the rise would help put the Government’s plans for putting social care reforms into action.

The amount could rise to an extra £400 by 2026, Mr Sunak said at the autumn Budget.

Many local authorities are planning to increase council tax payments in April 2022, to help them cover the costs of extra spending during the pandemic.

READ MORE- ‘Entirely unjust’: Thousands miss out on state pension increase

The precise amount you’ll be paying is determined by not only your local council but also the band your property is in.

Your property’s band is based on its value. The more your home is worth, the bigger your council tax bill.

Some people are entitled to discounts or exemption from the full bill, so make sure you’re paying the right amount.

For example, those under 18, taking part in certain apprentice schemes, full time students at college or university, those who are severely mentally impaired and a few other groups are totally disregarded.

You could also get 25 percent off your bill if you live on your own, or if everyone else in your home is disregarded.

FOLLOW US ON GOOGLE NEWS

 

Read original article here

Denial of responsibility! TechnoCodex is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.

Leave a comment