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
If you're looking to put down roots in London, you could benefit from putting off on purchasing a property and rent a home instead. This is because house prices across the capital are set to fall throughout 2015, according to new information from the Centre for Economics and Business Research (CEBR).
Read Article ... Published on 7th January, 2015
House prices across the City of London have fallen by more than £30,000 over the last month, according to new figures. Research from Rightmove has found that the average asking price in London has dropped dramatically in the last few weeks, as sellers seem unsure as to whether they can achieve the high end prices they have been asking in recent months.
Read Article ... Published on 15th December, 2014
The UK's most affordable cities have been unveiled, according to new research.
Read Article ... Published on 26th November, 2014
It is becoming much cheaper to rent a home in the UK, according to new findings.
Read Article ... Published on 25th November, 2014
There is a shortage of affordable housing, according to new findings.
Read Article ... Published on 21st November, 2014
A major regeneration project is taking place in the Docklands, it has been announced.
Read Article ... Published on 4th November, 2014
Affordability of rental homes is the single most important factor for tenants in London, according to new findings.
Read Article ... Published on 29th October, 2014
An eyesore located in the heart of east London could be transformed into an area of natural beauty, thanks to recent announcements.
Read Article ... Published on 23rd October, 2014
It is becoming cheaper to rent property across the UK, according to new findings.
Read Article ... Published on 21st October, 2014