How Bedroom Tax Is Calculated

how bedroom tax is calculated

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if you have extra rooms in your council or social housing property the bedroom tax will affect you this isnt actually a tax it just means that you wont get as much housing benefit based on how many rooms you have and how many people are living in the property for one spare bedroom, the millage rate is the amount per 1000 of property value thats levied in taxes millage rates are expressed in tenths of a penny one mill is 0001 for example on a 300000 home a millage rate of 0003 will equal 900 in taxes owed 0003 x 300000 assessed value 900, council tax bands are calculated using the value of the property you live in as it would have been at a certain point in time then based on the value the property is placed into a council tax band each band is charged a different amount of council tax the system for this varies in england wales scotland and northern ireland, thus the bedroom tax was born there are various stages to the calculation essentially the local authority will work out how many bedrooms it thinks you need based on the makeup of your