Hampshire County Council plans to freeze council tax for the third year in a row.
It has accepted a £13.2m grant from the government to help keep council taxes down next year.
The decision benefits residents of Fareham, Gosport, Havant and Waterlooville.
Homeowners falling under council tax Band D will continue to pay on average £1,037.88 a year.
But council officials warn the move could create holes in its budget for 2013 because the grant is a one-off.
Council tax is also made up of payments to borough or district councils, town or parish councils where they exist, and the police and fire service. The bills will be finalised in March.
Council leader Ken Thornber said: ‘This is a bit of good news for Hampshire’s council taxpayers.
‘But the grant being offered is for one year only. Without careful financial planning it could result in a bigger gap in our budget for 2013/14.’
The tax bill for Portsmouth City Council has not yet been decided.