That is correct. Council tax payable is directly linked to property value. I think I am right in saying that in a recent article in The land of Lies, oops I mean Lights, it is 0.1% of the declared value on your Tapu.
I also heard recently you do not receive a bill, it is up to you to go to the council when payment is due, and tell them the value of your property. Sounds a bit odd to me, although I believe they have a pretty good idea of your property value.
So unless all your neighbours, living in exactly the same properties,have the same declared values on their Tapu's everyone will pay a different amount of council tax, for exactly the same service,ie emptying rubbish bins.
Happy Days, keep taking the tablets, one day it will seem right!!
Cheers,
Gordon