Define: Council Tax

UK Accounting Glossary

Definition: Council Tax



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Full Definition of Council Tax


This replaced the Community Charge (unpopularly known as the poll tax) on April 1, 1993.

One bill is sent to individual domestic properties each year – the amount payable depending on the valuation banding of the property, how many people are resident and any benefits or reductions the payer or other residents may be entitled to.

All domestic or part domestic properties are valued in bands A to H. Band A is for prices up to £40,000, band H for properties worth more than £320,000. The bands are based on the market value of the property as of April 1, 1991.

If you’ve just purchased a property and you believe its valuation banding to be wrong, you have six months in which to appeal the existing banding.


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Definition Sources


Definitions for Council Tax are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 15th February 2020.