Council Tax Valuation Bands Bill (HL Bill 32)

1 Council tax valuation bands

(1) The Secretary of State shall, by regulation, establish a new set of council tax
valuation bands as specified in subsection (4) to apply to all dwellings bought
or sold after 1 April 2000.

(2) 5Any dwelling that has not been bought or sold since 1 April 2000 shall continue
to attract council tax according to the valuation bands set out in section 5 of the
Local Government Finance Act 1992 (different amounts for dwellings in
different valuation bands) and according to the provisions of that Act.

(3) In introducing regulations under subsection (1), the Secretary of State shall
10ensure that the amounts of council tax payable in respect of dwellings situated
in the same billing authority’s area (or the same part of such an area) and listed
in different valuation bands shall be in the proportion—

6: 8: 12: 16: 24: 48: 100: 250

where 6 is for dwellings in the valuation band listed in subsection (4)(a), 8 is for
15dwellings in the valuation band listed in subsection (4)(b), and so on.

where 6 is for dwellings in the valuation band listed in subsection (4)(a), 8 is for
dwellings in the valuation band listed in subsection (4)(b), and so on.

(4) The new council tax valuation bands shall be—

(a) below £250,000;

(b) 20between £250,001 and £500,000;

(c) between £500,001 and £1,000,000;

(d) between £1,000,001 and £2,000,000;

(e) between £2,000,001 and £5,000,000;

(f) between £5,000,001 and £10,000,000;

(g) 25between £10,000,001 and £20,000,000; and

(h) over £20,000,001;

using the most recent price paid data on the Land Register for each dwelling
bought or sold after 1 April 2000.

2 Extent, commencement and short title

(1) This Act extends to England and Wales and Scotland.

(2) 5This Act comes into force on the day on which it is passed.

(3) This Act may be cited as the Council Tax Valuation Bands Act 2014.