I may have to sell after Council Tax reassessment increase of £100pm per room?Make Text Bigger
I have 5 large properties in Aberdeen which I let out room by room to long and short term professionals.
I pay the council tax bill and all utilities and then charge the tenant a flat monthly rent.
However, I’ve just been informed by the Grampian Assessors office, that EACH BEDROOM will now be classed as an individual property entered on the valuation roll even though the rooms are not self contained (the showers/kitchens are shared) and as a result will be all subject to Band A council tax.
This means and extra £100 per month per room costs. I have 40 rooms!
Unfortunately, the market wont stand a rent rise of £100 per month per room (the average rent I charge is £425) and I can’t carry that amount so I’ll probably have to sell up.
It seems a bit strange that the Valuation roll will be changed to show 40 properties which clearly there are only 5.
Isn’t this a huge distortion of any city’s valuation roll?
Is there any other landlord facing the same situation?
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