City of London
For specific information on this borough, or to contact individual departments please click here to visit their website.
City of London: http://www.cityoflondon.gov.uk
The London boroughs are administrative centres responsible for collecting local taxes (Council Tax and Business Rates) and then spending the funds received on local services. They are run by Borough Councils who are elected by borough residents on a four year cycle. The totals that they spend will depend on the rates of tax that they levy plus funds allocated from central government and other sources.
While many of the services (schools, roads, planning, rubbish collection and social services) are standard, levels of provision will vary according to the overall political will as expressed by the voters.
Your tax liability (as a resident) will be based on the council tax band of your home. These bands are set by Valuation Officers and there is scope for appeal. The rate bands are then used to determine the amounts of tax levied. So, while the bands will remain largely constant the levels of tax can go up and, in theory, down.
You may claim discounts or exemptions based on your circumstances. For example, as the only adult in a property you can get a 25% reduction on your bill. Other reductions are available for qualifying second adults and Council Tax Benefit claimants.
There is more information available at the HM Customs & Excise website.
City of London Council Tax
City of London Comments
Property News for Borough
It is becoming increasingly expensive to buy a property in London, according to research published recently.
Read Article ... Published on 4th December, 2013
Millions of people across the UK may have no other option than to rent property as house prices continue to increase, according to new research.
Read Article ... Published on 28th November, 2013
October saw a huge increase in the buying price of houses in the UK capital. London house prices increased by 10 per cent this month, adding more pressure to a market that still has too few properties to meet the demand of buyers. Those looking to live in in the city could benefit from the rental options that are available.
Read Article ... Published on 31st October, 2013
Housing prices throughout London have risen yet again, making it harder for people - especially young professionals - to get a foot on the property ladder. Property prices in the capital have risen, on average, by 12 per cent when compared to last year, according to home.co.uk's Asking Price Index. This means that those wishing to live in the city might benefit from looking for rental properties.
Read Article ... Published on 18th October, 2013
London boroughs are being awarded funds in order to improve cycling facilities throughout the capital city. A total of £2.1 million has been awarded by Transport for London (TfL) in order to allow more provisions to be made to fit with the mayor of London's Vision for Cycling. An increase in the number of cyclists throughout the city could help to reduce gridlock on the roads at peak times, make people healthier and reduce household transportation costs.
Read Article ... Published on 2nd September, 2013
The cost of buying a house in London has continued to increase, making it harder for first time buyers to get a foot on the property ladder. New figures from the Council of Mortgage Lenders (CML) have found that the average deposit for someone buying their first home in London has reached an all-time high of £64,000. This new information suggests that people wishing to find a new home might be better looking for properties to rent in London.
Read Article ... Published on 30th August, 2013
Once again the price of buying a home in London has increased, with many arguing that a price bubble is already present when compared with the rest of the UK; especially when it comes to 'luxury' postcodes. With a £10,000 increase in the purchase price of a London house during a single month, it would seem that the best option for those wishing to live in the capital is renting.
Read Article ... Published on 24th July, 2013
As the price of property in London increases, making it more difficult for people to find homes to buy within their price range, rental prices have decreased. The cost of residential rents throughout London has fallen since the middle of 2012. The latest rental index has shown a ten per cent decline, year-on-year, of rent prices in the capital, whilst rents in the south-east have increased.
Read Article ... Published on 16th July, 2013
A new report has suggested that more needs to be done to stop landlords throughout London from treating tenants unfairly. The report, 'Rent Reform: Making London's Private Rented Sector Fit for Purpose', makes several recommendations on ways to reduce the number of tenant and landlord complaints in relation to London properties. It could also be said to highlight the importance of utilising an estate agent when considering properties to rent in London.
Read Article ... Published on 9th July, 2013
The housing market throughout the UK experienced a positive growth in June, with house prices increasing to the highest rate seen since before the recession hit in 2007. The most positive increases have been seen throughout London with properties staying on the market for an average of 4.1 weeks.
Read Article ... Published on 1st July, 2013