How the council tax is worked out The total amount to be met from council tax is calculated and then divided by the number of properties in Medway. The result is the amount payable for a band D property. A figure is then calculated for each of the eight bands (A-H) shown on the right, in accordance with the fractions of the band D figure set out in council tax legislation. Each domestic property is allocated to one of these eight bands . The band is based on the market value of the property as at 1 April 1991. The banding is determined by a government agency, the Valuation Office Agency (www.voa.gov.uk) and any disputes over the banding of a property should be directed to the Valuation Office Agency not the council. You can contact the Valuation Office Agency at: Tunbridge Wells Valuation Office Union House Eridge Road Tunbridge Wells Kent TN4 8HF Phone:01892 796700 Fax:01892 796799 |
|
Band
|
Fraction
|
Property valuation (£)
|
|
A
|
6/9
|
Up to 40,000
|
|
B
|
7/9
|
40,001 to 52,000
|
|
C
|
8/9
|
52,001 to 68,000
|
|
D
|
1
|
68,001 to 88,000
|
|
E
|
11/9
|
88,001 to 120,000
|
|
F
|
13/9
|
120,001 to 160,000
|
|
G
|
15/9
|
160,001 to 320,000
|
|
H
|
2
|
320,001 and above
|
|