If you’ve seen the headline figures from the latest Land Registry house prices report, you might expect north-west property tax bills to be rising in the weeks to come.
However, the overall positive trend in house prices in the past month and over the past year disguises a mixed picture at the regional level.
The Land Registry’s report tracks house prices as far as July, when England and Wales as a whole saw a 0.8% monthly rise in prices, and annual growth of a more modest 0.3%.
Any increase is significant in terms of property tax, which is typically based on the growth in value of a property since it was bought.
In the north-west, however, it seems owners as a whole are unlikely to be seeing their property tax bills rising at present.
Over the month since June 2012, the average property dropped by 1.7% in value in the north-west, while the year to July saw a 3.9% fall – the largest nationwide.
Only the north-east performed worse over the month from June to July, with properties there slumping by 2.1%.