AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
3min chapter
Council tax, £1000s back? Money-piphany, energy bills
The Martin Lewis Podcast
What's the Point of a Drive-by Valuation?
In 1991, the government had to come up with a new system of council tax. It was done by what is now known as drive by valuation. Two people sitting in car and one in state agent would tell them how big houses were. They walked down streets in second gear going, going, band-a, band-b, band-c. And that is how properties were valued - it was a short-term stopgap. So we still now have our council tax-banding system based on the second gear valuations from 1991. That's mad. Up to 400,000 homes are estimated to be in the wrong band. Now some of them will be in two lower bands
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode