SNP Proposes Council Tax Revaluation Increasing Bills Across Scotland
SNP Proposes Council Tax Revaluation Increasing Bills Across Scotland

SNP Proposes Council Tax Revaluation Increasing Bills Across Scotland

News summary

The Scottish Government, led by the SNP, is proposing significant reforms to the council tax system, which has been based on 1991 property valuations. The reform options include revaluing properties and increasing the number of tax bands from eight to up to 14, aiming to create a more progressive system where tax rises for high-value homes could reach up to 72%, with some bills potentially exceeding £6,500 annually. While those in lower-value homes could see tax reductions of up to £260 per year, middle-class families and owners of expensive properties, especially in Edinburgh and other areas with significant property price increases, would face substantial hikes. Critics, including Scottish Conservative politicians, have labeled the proposals as "jaw-dropping tax hikes" that could severely impact households amid economic challenges. The Institute for Fiscal Studies warned these changes might lower the value of high-priced homes by up to 5% while increasing the value of lower-priced homes. The SNP Finance Secretary, Shona Robison, has emphasized the need for robust evidence and public debate, acknowledging that firm proposals are unlikely before the end of the decade.

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