In order that the Town Council can fund its duties and responsibilities, it asks Teignbridge District Council to collect a share of the Council Tax on its behalf.
Every Autumn, the Town Council compiles a list of anticipated expenses for the next financial year starting the 1st April. Each line of expense is given a target figure for expenditure – a “budget”. The budget lines are totalled, projected income is deducted and the balance is funded from the local Council Tax. This balance is called the "precept".
Teignbridge have a list of all properties in the town together with their council tax banding. The base for calculations is Band D. The precept figure is divided by the base figure for Band D to give a council tax requirement to be collected from householders. Those in houses banded A to C will be asked for less than the base, those in bands E to G will be asked for more.
You can find out more about Council Tax here. Teignbridge also have information here.
Recent finance figures are available as follows: