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The Parish Precept is an annual levy raised on all council taxpayers and based, like council tax, on the value of their property. It is separate from the council tax, which goes to Surrey County Council and Elmbridge Borough Council, and separate from the levy raised by Surrey Police.

All the money collected for the Parish Precept is spent in Claygate, for Claygate residents. Through its grants, the Parish Council supported the Claygate Village Association with hire of the Village Hall for the Get Involved Day and a grant towards the CVA's forthcoming Christmas Lights event and its Christmas Tree on The Green.

The Council is able to continue supporting local causes thanks to the increase in the annual Parish Precept in line with inflation, which for eight years from 2016 through to 2024 remained unchanged so that its value was eroded. This made it difficult to provide many services and to support projects. The levy was therefore increased by 12 per cent for the 2024-25 year, and by 2.5 per cent, in line with inflation, in 2025-26, meaning a Band D equivalent property pays £16.25 for for the year to the end of March 2026.