People living in the London boroughs of Westminster, Wandsworth and the City of London, however, pay £829, £845 and £1,049.
A 5pc rise in council tax would therefore cost a homeowner in Nottingham £111 per year. This is 170pc more than the £41 increase in costs for residents in Westminster.
Tim Bannister, of Rightmove, said the stark differences in council tax could start to influence the wider housing market.
“Further increases could mean home-hunters start to consider council tax costs much more as a factor when they’re choosing a location to move to, especially in those areas where the cost is more than, or close to, a third on top of the costs of their rent or mortgage,” said Mr Bannister.
In Middlesbrough, annual Band D council tax is equivalent to 34pc of annual mortgage payments. In Burnley, Blackpool and Hyndburn, the respective shares were 32pc, 31pc, and 31pc.
By contrast, in Kensington and Chelsea, one of London’s wealthiest postcodes, annual council tax was just 2pc of annual mortgage payments.
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