Decision details

RESOLVED:

That Cabinet recommend to Council the approval of:

1.    the calculation of the tax base for the year 2025/26 of 73,355.0; and

2.    pursuant to this report and in accordance with the Local Authorities (Calculation of Council Tax Base) (England) Regulations 2012, the amount calculated by this Council as its council tax base for the year 2025/26 as detailed in paragraph 13.

KEY DECISION:

Report to Cabinet and Council

PORTFOLIO:

Finance and Corporate

ALTERNATIVE OPTIONS CONSIDERED/REJECTED:

As set out in the report.

DECLARATIONS OF INTEREST:

None

DISCUSSION:

The Portfolio Holder for Finance and Corporate introduced the report highlighting that it was a legal requirement for the Council to set the Council Tax base, from which the precepts were calculated.

The Service Manager Revenues, Benefits and Customer Services reported that the Council Tax Base for 2025/26 involved detailed calculations looking at the number of properties in each council tax band for each town and parish.  From this, the discounts, exemptions and other reductions as well as the Council Tax support was considered and converted to Band D equivalent.  A forecast of the impact of the introduction of the second homes premium from April next year and the estimated in year collection rate had also been included in the calculation. 

The overall tax base increase for 2025/26 is 98.3, however due to the second homes premium, the total tax base proposed is 73,355, an increase of 983.50.