Whats the Welsh Experience: Has Revaluation worked there?
Revaluation occurred in Wales in 2005. New bandings were sent out in September 2003 and came into use for bills from 1 April 2005. The government used Wales as a guinea pig for revaluation. But it all went horribly wrong. Labour’s finance minister in Wales, during the time of the revaluation, Sue Essex, promised the people of Wales that revaluation would make things fairer. Half of homes would stay in the same band, quarter would fall and quarter would rise, she said. In the end, 33% of homes have gone up a band, and only 8% have gone down. In Cardiff, 64% of homes have gone up, with just 2% going down. Worse still, some of the worst hit wards – with as many as 90% of homes moved up – were some of the poorest. Rural areas were not safe, either. Powys, a mostly rural county, saw 41% of homes moved up – including 1,600 homes moved three bands or more. One house in Cardiff was moved up SIX bands.
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- Whats the Welsh Experience: Has Revaluation worked there?
