Band D properties face £250 rise in council tax in next five years

Band D properties facing steep £250 rise in council tax bills following latest price hikes (Image: GETTY)The rise in prices comes following the Chancellor’s decision to scrap the rule which forced town halls to hold referendums regarding local council tax rates. Up until now, councils across the UK were required to hold a public vote to approve proposed increases of more than two percent, as was the case with tax hikes of one percent or more to fund social care. The decision means homeowners and renters living in band D-rated properties could see their council tax bill rise by more than £114 in the coming year alone.From April 2023, local authorities are able to increase council tax by up to five percent without a referendum – three percent for all local authorities and an additional two percent for those with social care responsibilities.Treasury sources have admitted that an estimated 95 percent will take advantage of the new maximum.If this is the case, band D residents across England will be forced to pay more than £2,3000 per year.The inflated prices would apply to billpayers in properties worth between £68,000 and £88,000.READ MORE: ‘No need for heating’ How to dry wet clothes a lot quicker Previously, councils could only raise council tax by 2.99 percent without holding a local referendum (Image: GETTY)The Daily Mail reported that if all local authorities enforce the five percent price hike, only two places will see bills remain under £1,000.These include London Wandsworth, which already boasts the second-lowest band D council tax in the country, and Westminster – also known for its surprisingly low rates.The steep rise in council tax bills will affect some local authorities more than others, with band D properties in Nottingham, Rutland and Oxford expected to pay more than £240,000 by 2023.DON’T MISS;Council tax increases torn apart by readers – ‘will be wasted!’ [INSIGHT]Boy’s mould tragedy is a betrayal of sacred duty [LATEST]Council tax bills may rise again but Britons say ‘can’t bear any more’ [REVEAL]