Service Description: Council Tax is a tax on domestic property collected by your local council. The council tax provides approximately 20% of the council’s gross budget and is a vital element in raising revenue which contributes towards the provision of services to residents.
Also known as:- About Council Tax, Council Tax Discounts, Council Tax Exemptions, Council Tax Reductions, Holiday Homes, Reductions, Second Homes
Answer: The changes to the legislation abolish the 100 per cent exemption and gives Local Authorities discretion to award a discount. The Isle of Wight Council determined that a discount of 100 per cent from the date the property becomes empty and unfurnished will apply for a maximum of 3 months. After 3 months the full council tax charge is payable. If the property remains empty and unfurnished for two years a 50 per cent premium will be levied in accordance with the government's legislation and Isle of Wight Council's policy therefore, increasing the council tax charge to 150 per cent.