We would like to hear from people who could be affected by the new council tax surcharge on homes worth £2m or more
Rachel Reeves has announced that from April 2028, owners of properties in England valued at £2m and over in 2026 will be required to pay an annual council tax surcharge.
The value of qualifying properties will be determined next year by the government’s Valuation Office Agency, with four price bands. The surcharge will rise from £2,500 a year for properties valued between £2m and £2.5m, to £7,500 a year for those valued in the highest band of £5m and above.
