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6

Appendix I: Methodological summary

In order to create the ‘nowcast’ estimates of current property values Land Registry’s “price paid” data

was used. When estimating the current value of London properties borough level data was considered.

For all other regions constituency level growth rates were considered.

Since the Land Registry dataset only covers residential properties bought in 1995 and later, the resulting

figures had to be scaled up to the full size of the dwelling stock. When scaling the figures, ONS data

regarding the total stock of dwelling was used for all regions.

The calculations done to estimate revenue raised under the reformed system assume local governments

make no changes to tax payment amount as a result of the reform. Calculations also assume that the

system of council tax exemptions remains unaltered.

© Centre for Economics and Business Research - Report Commissioned by Howard Cox for the FairHomeTax.UK Campaign