City of London Corporation

Council Tax and Business Rates

City of London Corporation is an Inner London Borough. It contains approximately 6,838 residential properties subject to Council Tax, and approximately 16,214 commercial properties subject to Business Rates.

The most common Council Tax band in City of London is E, and the median Council Tax band is E.

The average (mean) Council Tax value in City of London is £1,200.63.

See these figures compared to other councils on our Council Tax Comparison page.

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Council Tax Bands

Band Amount Properties
Band A £629 3
Band B £734 247
Band C £839 668
Band D £943 848
Band E £1,153 2,676
Band F £1,363 1,146
Band G £1,572 1,078
Band H £1,887 172

Business Rate Stats

Number of Rateable Premises 16,214
Number of premises with rateable value greater than £10,000 9,136
Number of premises with rateable value greater than £100,000 3,169
Number of premises with rateable value greater than £1,000,000 320
Highest Rateable Value £15,190,000
Average Rateable Value (Mean) £113,612
Median Rateable Value £14,000
Typical Rateable Value (Mode) £3,500

Business Rate Multipliers

Rating Band Values Up To Multiplier
Small £25,500 48.9%
Medium £55,001 50.1%
Large all higher values 52.1%

Statistical information (eg, number of properties per council tax band, average business rates) are a snapshot from the time when this data was last updated. New constuction, demolition, change of use and revaluing means that the number of properties continuously changes, and this takes time to feed through to the published data.

Although City of London Corporation sends out the bills and collects the money, it is not responsible for the entire amount that you owe.

Council tax is levied by a variety of different bodies, including Fire authorities and Police authorities as well as the local councils. Not all of these will apply to every location, but there will usually be more than one authority which levies council tax.

Business rates are set centrally by national government, according to a formula based on the nominal rental value of a property. Local authorities have some discretion to allow Business Rate Relief under certain circumstances, but they cannot vary the basic level at which Business Rates are charged.

Postcodes in City of London Corporation

Active geographic postcodes only. Non-geographic and "large user" codes are not listed here, as they do not have taxable addresses. For details of all postcodes in an area, see Check My Postcode.