I live in Wales, so the question doesn't really affect me. But what I will say is that a couple of years ago, our local authorities reassessed all properties here. Surprise, surprise, lots of houses were put into a higher band, and mine went up 2 bands...whoopee. I bought this house in 2002, spent �15000 doing it up to a reasonably good standard, worked hard to pay for it, paid tax on my earnings, paid loads of vat on materials, used local builders, therefore contributing to the local economy, and what do I get??...�600 p.a. on my council theft, sorry, tax. So my house is now worth a lot more...will they accept that as cash when I go to Tescos to do my shopping?..."that'll be 30 quid please..it's ok, I have a house worth 200 grand, will that do?" Why do they think that because you have property that has risen in value, that it means your bank balance has grown by a similar ammount?.
I can imagine the clip-board jobsworths looking around houses (there'll be at least 2 ), giving each other a nudge nudge, wink, wink......let's put this one up a band, brownie points all round. I'm fed up with all this desperate cash raising under the weakest pretenses, and another thing...someone said recently that the green issues are the best way of duping the public to raise taxes, all to save the planet you see!
Rant over, I'm going outside, the steam coming from my ears is making it difficult to see my screen. Happy days.