Cookies: We use cookies to give you the best possible experience on our site. By continuing to use the site you agree to our use of cookies. Find out more
House of Lords Hansard
x
The text on this page has been created from Hansard archive content, it may contain typographical errors.
Domestic Property Revaluation And Council Tax
01 February 2001
Volume 621
The edit just sent has not been saved. The following error was returned:
This content has already been edited and is awaiting review.

asked Her Majesty's Government:What are the regional average movements in house prices since the establishment of council tax bands in 1991; and whether, without revaluation, such changes are undermining the basis of the council tax. [HL468]

The edit just sent has not been saved. The following error was returned:
This content has already been edited and is awaiting review.

Regional average movements in house prices from the beginning of 1991 to 30 September 2000 are given in the table below.

‥ change in DETR annual house price index Q1 1991–2000 Q3
England58.1
London80.3
South East70.9
South West60.2
East59.1
North East31.8
West Midlands44.6
East Midlands37.6

% change in DETR annual house price index Q1 1991–2000 Q3

North West31.1
Yorkshire and the Humber26.4
Merseyside19.4

In the Green Paper, Modernising Local Government Finance, which we published last September, we invited views on whether there should be a fixed cycle for council tax revaluations.

Properties are revalued for business rates every five years, but there is no fixed revaluation cycle for domestic properties. The Green Paper suggested that revaluations every six, eight or ten years could make the council tax fairer and more predictable. We are currently considering the responses we have received to the Green Paper and will announce our decisions later this year.