Wandsworth Council has confirmed that it will be reducing council tax bills from April.
Councillors have voted to reduce share bills by 1%.
Over the past few years, Wandsworth residents have saved thousands of pounds in council tax throughout the years compared to other boroughs, according to the council.
Council leader Ravi Govindia said: “With households facing rising energy bills and other increasing costs, it is more important than ever for the council to be making sure our residents get true value for money by paying the lowest possible council tax bills while still enjoying high-quality services.
“We know people had their tough times, and we all know that things are going up, fuel is going up, all the other elements are going up.
“Wandsworth Council are the only authority in London to cut council tax. There are others that have done other things, but we are the only ones to cut council tax.
“We as a council have looked at our money with great care and make sure we get great value for money.”
“Wandsworth is in a unique position to be able to do this because of the way we have carefully and prudently managed our finances over the years.
“That efficiency is now reaping the benefits for our residents with a net decrease in our share of council tax bills from April.”
Residents in homes close to Wimbledon Common, Putney Common are also statutorily required to pay an additional sum to independent organisations, the Wimbledon, and Putney Commons Conservators to pay for the upkeep of these green spaces.
These heaths and commons are not maintained or managed by the council.
For more information about council tax click here.