Property Update: Good times, bad times

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The Independent Online
COUNCIL tax has also been waiting patiently in the wings for owners to rediscover flaws made clear from the outset by critics. But those annoyed about bills based on two-year-old property values and begging for a return to local authority rates have short memories. Rating was abandoned because values were 17 years out of date, during which time many owners did very nicely as prices boomed out of sight.