TWO SIDES OF A NEIGHBOURHOUD

If there have been changes to your property that would make it less valuable than the original valuation – part has been demolished, or it is a house that has subsequently been converted into flats. Or there may have been a change to the property or local area that would have changed the valuation of the property, such as roadworks that have been built that would have affected the rateable value of the property.

You can also get your band changed if mistakes have been made when the rating was carried out. If your council tax band has been incorrectly calculated, not only will you enjoy lower bills, but you’ll get the money back that you had overpaid, all the way back to when you started paying the wrong amount. If you’ve been in your property for a couple of decades, this could be a big chunk.

But beware – challenging your council tax band can deliver bad news as well as good – you could end up increasing your council tax bill by the agency deciding that you should be in a higher band. This could even affect your neighbours, with the potential to make you quite unpopular down your street. That planned street party for the end of the pandemic, may create a few awkward moments.

Here’s a link to the Council Tax site.

Dominic Thomas
Solomons IFA

You can read more articles about Pensions, Wealth Management, Retirement, Investments, Financial Planning and Estate Planning on my blog which gets updated every week. If you would like to talk to me about your personal wealth planning and how we can make you stay wealthier for longer then please get in touch by calling 08000 736 273 or email info@solomonsifa.co.uk