London residents are bracing themselves for an increase in council tax as many authorities across the city plan to raise fees starting April. The rise in council tax comes as the government has permitted councils to increase tax rates by over 5%, leading to potentially significant hikes for some homeowners.
Home insurance experts at Quotezone.co.uk have conducted research to calculate the expected rise in council tax across various London boroughs, particularly for properties in band D. According to their findings, residents in some boroughs could see their annual bills increase by more than £80.
Greg Wilson, founder and CEO of Quotezone.co.uk, emphasized the importance for households to check how much their annual bills could potentially increase. He stated, “Our research shows how much council tax is expected to increase in some of the London boroughs for band D properties.”
Wilson highlighted that while some boroughs will experience a modest increase, others will face more substantial hikes. Among those analyzed, only Kensington & Chelsea, City of London, Hammersmith & Fulham, Wandsworth, and the City of Westminster are expected to see relatively lower increases.
The breakdown of the expected council tax rise in each London borough reveals a varied landscape of increased fees. Residents in Southwark, Newham, and Tower Hamlets can anticipate paying between £56 to £60 extra each year, while those in Kingston Upon Thames face the highest increase, with fees rising to £1,813.46 annually, an uptick of £86.19.
Islington residents are expected to pay over £65 more on their annual council tax payments, and households in Lewisham will see their bills increase by more than £70.
