Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

NATIONAL AUDIT OFFICE - OFFICIAL REPORT ON BANDING

  • Comment
Follows are extracts from the National Audit Office report today, which claims that two million properties in Engla...
Follows are extracts from the National Audit Office report today, which claims that two million properties in England and Wales may have been placed in the wrong council tax band.

'The correct banding for a property is, like all valuations, a matter of professional judgement. The National Audit Office did not second guess professional judgements on individual valuations but examined, first, the way in which the Valuation Office planned and controlled the work and second, the bandings given to an independent sample of 12,000 properties sold around the valuation date.

'This showed that around three quarters of the sample were given a band corresponding to the purchase price. Adjusting the price to reflect the 10% tolerance used by the Valuation Office brought around 91% of the sample into line with the banding given.

An inconsistencies between an individual purchase price and the banding of the property does not necessarily mean that the banding is wrong. Similar properties can and do sell for different prices and valuers had to take into account the weight of relevant sales evidence as a whole.

'The results suggest that, for England and Wales as a whole, around 19.3 million properties were banded correctly; around 900,000 properties (about 4%) could be into high a band; and around 1.1m (about 5%) could be in too low a band.'
  • Comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions.

Links may be included in your comments but HTML is not permitted.