Council tax is not a tax on property values.
The amount that a person has to pay depends on the budget of the local council and the banding of the property that the person lives in.
The amount that a person has to pay depends on the budget of the local council and the banding of the property that the person lives in.
The only real reason why this isn't a direct link is that the banding is not reassessed regularly.
I do know some people who successfully persuaded their local council to move their property to a lower-priced band based upon the alleged fall in property value..