Setting council tax
How is council tax set?
Council tax is a property tax containing a personal element. In order for the Council to set its council tax it is necessary for the Council to first determine its tax-base. This is achieved firstly by expressing all the domestic properties within Waverley as Band-D equivalents and then reducing that sum by the number of discounts (for single-adult households etc.) and exemptions (for households consisting wholly of students etc.) before applying an allowance for write-offs etc. The total amount required to be met from council tax is then divided by the tax-base to produce a Band D charge. From that amount so produced, each of the other seven band council tax charges is calculated.
Because there are twenty-one Parish/Town Councils throughout Waverley each levying a precept on Waverley, there are twenty-one sets of council tax charges for each of the eight valuation bands.
What is a Precept?
A precept is the official notice given to the council tax billing authority (eg Waverley) by each precepting authority (eg the County Council, Police Authority and Parish/Town Council) of their budget requirement for the year.
The billing authority pays each precepting authority the amount they require and collects such sums from its residents through the council tax.
The ratios of council tax which each of the bands has to council tax at band D, are:
1st of April 1991
|A||Up to £40,000||6/9ths|
|B||Over £40,000 and up to £52,000||7/9ths|
|C||Over £52,000 and up to £68,000||8/9ths|
|D||Over £68,000 and up to £88,000||1|
|E||Over £88,000 and up to £120,000||11/9ths|
|F||Over £120,000 and up to £160,000||13/9ths|
|G||Over £160,000 and up to £320,000||15/9ths|
Page owner: Maria Clinch-Bird. Last updated: 13/03/2013 17:20