Our budget. How we spend Council Tax on different services we run. Where the money we spend comes from.
To work out the tax for each band, we divide Southwark’s total council tax requirement by a number known as the council tax base.
This gives the Council Tax for band D. The other bands are calculated as a proportion of this.
For 2024-25, band D is £1,321.58 which is £148,236,342 divided by 112,166 (council tax base).
In 2024-25 a band D charge will be £1,321.58 which is a £62.80 increase from the band D Council Tax charge in 2023-24 as shown in the table below.
| Charge | £ |
|---|---|
| 2023-24 band D charge | 1,258.78 |
| Add 4.99% increase | 62.80 |
| 2024-25 band D charge | 1,321.58 |
We have increased the rate of tax charged for adult social care in 2024-25 by 2% in line with government guidance. This will raise an additional £2.8 million. The adult social care spending plans assume this level of funding will be available. A 2% increase for the adult social care precept is an increase of £25.17 for a band D equivalent.