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Council Tax is a local taxation system used in England, Scotland and Wales. It is a tax on domestic property, which was introduced in 1993 by the Local Government Finance Act 1992, replacing the short-lived Community Charge (also known as "poll tax"), which in turn replaced the domestic rates.
Rates are a type of property tax system in the United Kingdom, and in places with systems deriving from the British one, the proceeds of which are used to fund local government. Some other countries have taxes with a more or less comparable role, like France 's taxe d'habitation .
This table reflects the removal of the 10% starting rate from April 2008, which also saw the 22% income tax rate drop to 20%. From April 2010, the Labour government introduced a 50% income tax rate for those earning more than £150,000. Income threshold for high taxation rate on income was decreased to £32,011 in 2013. [43]
As in England, the individual domestic rates bill was calculated by multiplying the rateable valuation of a property by the domestic poundage rate set by the local Council. Before the 1996 reform of local government , domestic rates were set by Regional Councils, and prior to the 1975 reorganisation , rates were set by County Councils.
The town of Croydon's first local authority was a body of improvement commissioners established in 1829. [4] They were superseded in 1849 by an elected local board. [5] [6] The town was incorporated as a municipal borough in 1883, after which it was governed by a body formally called the "Mayor, Aldermen and Burgesses of the Borough of Croydon", generally known as the corporation, town council ...
Depending on the state, surcharge tax rates can apply to foreign owners. [8] "Council rates" is a municipal tax levied by local government. This is assessed each year on a property's value. Council rates are around $1300 per annum for an average Australian household. [9]
The tax is computed as the determined market value times an assessment ratio times the tax rate. [10] Assessment ratios and tax rates vary among jurisdictions, and may vary by type of property within a jurisdiction. [11] Most jurisdictions' legislative bodies determine their assessment ratios and tax rates, though some states impose constraints ...
The council was under no overall control from 2006 to 2024. From May 2014 to May 2021, the Labour Party held office as a minority administration. From May 2021 to May 2024, the administration was a Labour Party and Liberal Democrat "progressive alliance". [10] Since May 2024 the Labour Party has had a majority on the council.
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