Part of 1. Questions to the Minister for Finance and Local Government – in the Senedd at 1:44 pm on 2 February 2022.
So, there were a few things in that question. I don't think a revaluation is tweaking around the edges. You described that, even in the last revaluation, a third of properties saw an increase in their bills. That's pretty dramatic, and there would probably be a corresponding number who saw a decrease in their bills, and some then who saw the system stay the same for them. So, there'll be lots of questions for us to consider even in that context. What kind of transitional support, if any, do we put in for those households? What is the impact on councils themselves in terms of being able to raise revenue? Will we need to put transitional things in place for them? So, that's another big question. But, overall, all of this doesn't close the door on more fundamental reform in future. So, even a revaluation, the new bands and so on, will take almost the entirety of this Senedd term. That's partly because of the rules that sit behind the VOA, when changes can be made, and when they can be implemented and so on. So, this is a long-term piece of work, but it doesn't shut the door on more fundamental reform in the future, such as a land value tax. We will go on continuing to explore something like that. We could have rolling revaluations. When we think about the data that the Welsh Revenue Authority is constantly getting in terms of house prices, we could have rolling revaluations, which might make things fairer and more up to date in future. So, alongside the revaluation, we are considering additional kinds of reforms for the future. I think that this should be a collaborative piece of work, and I'd be more than happy to have discussions with colleagues across the Senedd in terms of hearing ideas for making council tax fairer.