This is fax
collected by local authorities. It is a tax on domestic property. In general,
the bigger the property is, the more tax will be charged.
Each property is
put into a valuation band. At the
time of writing the bands are as listed below.
Council tax is
not paid on some properties, for example any property that only students live
in or a property where all the people who live in it are aged under 18.
If only one
person lives in a property they will get a 25%
discount on the
council tax bill.
EXAMPLE:
Jack lives on his own in a flat worth £75000. This year’s council tax rates in his area are shown
in the table below:
(b) If he spreads the council tax payment over 10
months, how much will
he pay each
month?
(a) Using the table at the start of this
section, Jack’s flat is in band D. The
other table
shows he must pay £1200 this year.
Jack lives
on his own so gets a
25% discount.
25% of £1200 = £300
Jack pays £1200 – £300 = £900
(b) If the payment is spread over 10
months, each month Jack pays
£900 ÷ 10 = £90.
Test lesson 16
Other lessons:
Lesson 1. Wages
Lesson 2. Wages-overtime
Lesson 3. Pricing your holiday
Lesson 4. Money for your holiday
Lesson 5. Mobile phones
Lesson 6. Bank accounns
Lesson 7. VAT - Value Added Tax
Lesson 8. Electricity, gas and water
Lesson 9. Credit - 1
Lesson 10. Credit - 2
Lesson 11. Credit - 3
Lesson 12. Which is better value?
Lesson 13. Car insurance
Lesson 14. Income tax
Lesson 15. Buying a house
Lesson 17. Old age pension
Lesson 3. Pricing your holiday
Lesson 4. Money for your holiday
Lesson 5. Mobile phones
Lesson 6. Bank accounns
Lesson 7. VAT - Value Added Tax
Lesson 8. Electricity, gas and water
Lesson 9. Credit - 1
Lesson 10. Credit - 2
Lesson 11. Credit - 3
Lesson 12. Which is better value?
Lesson 13. Car insurance
Lesson 14. Income tax
Lesson 15. Buying a house
Lesson 17. Old age pension
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