General Property Valuations Roll
Did you know that by law, the municipality is required to notify each property owner of the new valuation of their property, for rateable purposes? The new property valuations roll has been published and is there for you to inspect and scrutinize. The owners of property in the City of Tshwane, Ekurhuleni, Ethekwini, Nelson Mandela Bay and Mangaung should be able to check the publication on the municipality’s website.
It is within your best interest as a homeowner to check to ensure that your property description matches that which has been described on the valuation, as well as the value they have specified for your property, as it should reflect what a willing and able buyer would have been prepared to pay for the property as at 30th June 2016. If you are in disagreement with the amount, you can (and are urged) to submit objections. You will need to print and complete the form that can be found on the municipal website, and thereafter hand-deliver your objection to the applicable municipal office. You will also need to provide evidence for the objection.
If you are living in Ekurhuleni you will be able to inspect the roll on the website. The closing date for objections is the 5th of May 2017. Furthermore, it has been noted that there are errors on the notifications whereby property owners were sent the incorrect information. This is currently being rectified and property owners will hopefully receive their new valuation shortly.
The deadline for objections however prevails and in the event of no objection being lodged your rates and taxes will be determined and set for the following 4 years.
For more information or an accurate property evaluation, speak to one of our many qualified Area Specialists. With over 36 years of industry experience, contact Intro Real Estate, it’s the right choice.