different areas

[Deleted User]

)

How is that possible? 

lincroft1710

Yes the CT bands for England are all based on property values as at 1 April 1991 and the 8 bands have the same values whatever part of the country.

The only people who could explain the apparent anomaly would be the VOA themselves. But they probably would not engage with you unless you had an interest in one of the properties. One reason may be that the higher price property has been extended by the current owner, so the CT band may need to be increased when sold. 

Grumpy_chap

To a large part, the variance across the country is immaterial as it the positioning of a property in the local area respective to other properties in the local area that really matters.  If a band D property pays a nominal 100%, then properties in the bands around that pay proportionally more or less based upon the overall income requirement in the local area.

Property inflation has not been consistent across all parts of the country since the CT valuations were carried out.

Another anomaly is that when the valuations were originally done, some home owners actively campaigned for their property to be in a higher band.  Band D was £68k - £88k and Band E £88k - £120k.  If a property was worth, say, £85k, some home owners wanted to be in the £88k - £120k band so that they would not be "capped" on the sale price by prospective purchasers says something along the lines of "It's only a Band D property, so it can't be worth more than £88k, so that's the most I can offer".

That might well seem entirely absurd now, but that is how some people thought at the time.  Obviously, with house prices gone crazy, you can't even get a studio flat for any where near the £320k that would be the top Band H.  Against that, the idea that CT Bands would act as a cap to property value is proven to be nonsense.

lincroft1710

Grumpy_chap said:

Another anomaly is that when the valuations were originally done, some home owners actively campaigned for their property to be in a higher band.  Band D was £68k - £88k and Band E £88k - £120k.  If a property was worth, say, £85k, some home owners wanted to be in the £88k - £120k band so that they would not be "capped" on the sale price by prospective purchasers says something along the lines of "It's only a Band D property, so it can't be worth more than £88k, so that's the most I can offer".

That might well seem entirely absurd now, but that is how some people thought at the time.  Obviously, with house prices gone crazy, you can't even get a studio flat for any where near the £320k that would be the top Band H.  Against that, the idea that CT Bands would act as a cap to property value is proven to be nonsense.

This I can confirm, although not many actually thought this way and some were unsuccessful in their quest.


Those who were successful especially a year or two after CT came into being, got a bit of a shock when they received a backdated bill for the increased amount payable, as that was permissible then.

phoebe1989seb

This has puzzled me, too.

A house we used to own (in the Midlands) was in band G. It was sold for £300k in 2014. 

At the same time my DH's boss had a house in Henley on Thames. Also in band G. Sold for £2,000,000 the same year.

Both were detached, of approximately the same square footage, same number of bedrooms, similar sized gardens.

Neither had been extended. No improvement indicators. Both are currently still in band G.

lincroft1710

phoebe1989seb said:

This has puzzled me, too.

A house we used to own (in the Midlands) was in band G. It was sold for £300k in 2014. 

At the same time my DH's boss had a house in Henley on Thames. Also in band G. Sold for £2,000,000 the same year.

Both were detached, of approximately the same square footage, same number of bedrooms, similar sized gardens.

Neither had been extended. No improvement indicators. Both are currently still in band G.

Those figures suggest the Midlands house should be a Band F (or even E), and the H-o-T house should be Band H.  


But as I said in a previous post only the VOA will know the answer