Council tax bands
Discussion
I live in a street where all the housses are pretty much in Band F, except my next door neighbour who is an E who coincidentally was an estate agent who did the valuations and was living in his current house when the valuations were done in 1991.
I have just looked at the likely band of my new build house and it is a G. I notice that the substantially larger farm house next door is only an F. Admittedly the retired farmer is mates with my ex-estate agent neighbour and has been in the house 40 years (nudge wink) but is it worth me appealing this new banding using the farm as a comparison or will it just lead to the old farmer having his band jacked up?
I have just looked at the likely band of my new build house and it is a G. I notice that the substantially larger farm house next door is only an F. Admittedly the retired farmer is mates with my ex-estate agent neighbour and has been in the house 40 years (nudge wink) but is it worth me appealing this new banding using the farm as a comparison or will it just lead to the old farmer having his band jacked up?
It could well result in the houses that appear low having their assessments jacked up. I would hope the estate agent hasn't valued properties low because they are his or a mates and there may be a reason for it.
However thats not a reason to stop you seeking a reduction.
As regards how the banding is arrived at it is suppossed to represent the freehold price in 1990 or 1991 (I cant remember which). What the VO does is look at the prices paid for houses sold in the valuation year and work out how much was paid for them per square foot. He can then apply that rate to the square footage of other similar houses.
However thats not a reason to stop you seeking a reduction.
As regards how the banding is arrived at it is suppossed to represent the freehold price in 1990 or 1991 (I cant remember which). What the VO does is look at the prices paid for houses sold in the valuation year and work out how much was paid for them per square foot. He can then apply that rate to the square footage of other similar houses.
Chrisgr31 said:
It could well result in the houses that appear low having their assessments jacked up. I would hope the estate agent hasn't valued properties low because they are his or a mates and there may be a reason for it.
However thats not a reason to stop you seeking a reduction.
As regards how the banding is arrived at it is suppossed to represent the freehold price in 1990 or 1991 (I cant remember which). What the VO does is look at the prices paid for houses sold in the valuation year and work out how much was paid for them per square foot. He can then apply that rate to the square footage of other similar houses.
This ^^^However thats not a reason to stop you seeking a reduction.
As regards how the banding is arrived at it is suppossed to represent the freehold price in 1990 or 1991 (I cant remember which). What the VO does is look at the prices paid for houses sold in the valuation year and work out how much was paid for them per square foot. He can then apply that rate to the square footage of other similar houses.
There's plenty of guidance out on the Internet on how to do the calculations.
I did it several years ago on my old house, where I seemed to be a band higher than seemingly identical properties further down the street. I successfully appealed the banding, and got a refund of the overpayments backdated to the date I moved in!
It's definitely worth doing if you are confident of your calculations. Just make sure you are, so you don't end up like these folks, and cause both your own and all of your neighbours' bandings to go up!
http://www.halifaxcourier.co.uk/news/local/council...
Chrisgr31 said:
It could well result in the houses that appear low having their assessments jacked up. I would hope the estate agent hasn't valued properties low because they are his or a mates and there may be a reason for it.
However thats not a reason to stop you seeking a reduction.
As regards how the banding is arrived at it is suppossed to represent the freehold price in 1990 or 1991 (I cant remember which). What the VO does is look at the prices paid for houses sold in the valuation year and work out how much was paid for them per square foot. He can then apply that rate to the square footage of other similar houses.
Based on the external dimensions Mr F band has about 5800 square feet plus detached garages and my new place is 3500 plus another 1000 in garages. I have been approached by a re-banding company offering to put together a case for rebanding. I don;t want to upset the old farmer as he is retiring and I am hoping he will sell me a field alongside my house.However thats not a reason to stop you seeking a reduction.
As regards how the banding is arrived at it is suppossed to represent the freehold price in 1990 or 1991 (I cant remember which). What the VO does is look at the prices paid for houses sold in the valuation year and work out how much was paid for them per square foot. He can then apply that rate to the square footage of other similar houses.
Our street is full of F, G and one H band houses, and it is mightily odd that one of the largest houses and plots is the only E, and the owner is a partner in the largest local estate agents and has been for 3o years.
tom_loughlin said:
I wouldn't worry about your neighbors bill, as far i'm aware, the possible increase in his band will only apply once he decides to sell - so only affects the future owners.
May be wrong though but I have been told this.
I think so too as the hous eove rthe road is a G with a note on the VO record that it will go up to H on sale.May be wrong though but I have been told this.
Houses that have been extended will be rebanded on sale, that happened at our last house. So you could buy a small place and triple it in size and still pay the low banding. Could this be the case with the situation in the OP, especially if the occupiers have lived there many years i.e due rebanding but not taken effect due to not having changed hands.
Simpo Two said:
When you think how desperate the State is for money it's surprising they don't raise the banding immediately.
They tried, but the Daily Soove went mental.To be fair, it isn't cheap to do a revaulation, and it would normally be 'revenue neutral' in that the bands may move around, and the houses within them, but the total tax collected would be the same.
Please don't give them any more ideas!
PS Said nervously while awaiting for a Valuation Officer to arrive to discuss current banding etc.
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