Council Tax 2014-15 - how is my Council Tax calculated?

The Council Tax for Thanet District Council is worked out by looking at what money is needed to run the services we provide, based on what we have set as our budget for the coming year.

The total amount of Council Tax we need to collect is identified as the difference between the budget we need and the money we already have to spend on services. This is shown in the table below:

 

2014/15
£’000

2013/14 £’000

Difference
%

Per band D property
£

Net Budget 2013/14

19,372

20,380

-4.95

 

Inflation

351

266

 

 

Increases in income and grants

-71

-168

 

 

Contribution to / from reserves

-1,435

-530

 

 

Growth

1,138

791

 

 

Identified savings

-1,235

-1,611

 

 

Net Budget 2014/15

18,120

19,128

-5.27

 

Less:

 

 

 

 

Business Rates – share of central pool

4,501

4,415

 

 

Government Revenue Support Grant (inc S31 + Transition Grant)

5,212

6,736

 

 

 

8,407

7,977

5.39

 

Plus (or less)

 

 

 

 

Collection fund deficit (or surplus)

 

-180

0

 

 

Expenditure to be met by Council Tax payers

8,227

7,977

 

 

Divided by equivalent number of Band D properties

39,181

37,990

 

 

Thanet Tax level (Band D)

209.97

209.97

0

0

Add

 

 

 

 

Parish Council precepts

19.92

18.37

 

 

Kent County Council precept

1,068.66

1,047.78

 

 

Kent Police Authority precept

144.28

141.47

 

 

Kent & Medway Fire and Rescue Authority’s precept

69.30

67.95

 

 

Council Tax level (Band D)

1,512.13

1,485.54

1.79

26.59

 

Loan liabilities – the council’s total outstanding borrowings from external organisations on 31 March 2014 were estimated at £30.652 million.