select
|

Ekurhuleni Metropolitan Municipality have commenced with valuating properties

Municipal evaluators in the Ekurhuleni Metropolitan Municipality have commenced with the work of valuating properties in order to inform the new Valuation Roll as the current one expires next year in June.

A General Valuation roll process is the valuation of all properties in the municipality to generate rates on an impartial basis.
The valuation capturing process has begun in earnest following the data collection process that started in November last year. In Ekurhuleni the date of valuation at which all property values is fixed is July 1, 2012.

Metro’s spokesperson Sam Modiba said that, the values must reflect the market value of the properties in accordance with the market conditions which applied at this date 1 July 2012.  The 2013 valuation roll must be handed in by the appointed Municipal Valuer to the Municipal Manager by 1 February 2013. The roll will be valid from 1 July 2013 to 30 June 2017.
General valuation of all properties is in compliance with the Municipality Property Rates Act (http://bit.ly/PQgrwG), which requires that a valuation roll of properties be compiled in terms of the market conditions which applied on 1 July 2012.

Several types of properties in the municipality – residential, sectional title, non-residential and agriculture is each valued on different basis, although they all relate to the market value.  Residential property (including sectional titles) is valued on a comparable sales method.  Most commercial property, including retail, offices, warehousing are valued on an income basis, but as for institutional properties such as schools, hospitals and clinics are valued on a cost basis.

Residents will know the outcomes of the valuation process between February and March 2013.  The valuation will be published and open for inspection also during the period of February and March 2013.  The roll will be published in the municipal website, at libraries and customer care areas and letters will be sent to all property informing them of the results.
Modiba indicates that in cases where property values have declined, the process does take that into account.

“When valuing the properties, the Municipal Valuer establishes the market conditions, and this is based on recent sales activity in the various areas and sectors. Therefore, this will take into consideration areas where values have declined or remained stagnant due to the current state of the economy. Market conditions as on 1 July 2012 will form the basis of valuation,” he concluded.

Data collectors will always have their identity cards with them  and also have a letter of delegation authorized by the City Manager. Where possible, data collectors will be travelling in a company branded vehicle.

To verify the identity of data capturers please contact the following numbers:
011 999 4383 / 3504 / 3575 /3561 / 3580



  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 21 Feb 2018
      Given the hand they were dealt, government has performed a delicate balancing act which it is hoped will serve to reignite confidence in investment in South Africa, regain our global credibility and satisfy the credit ratings agencies, says Dr Andrew Golding, chief executive of the Pam Golding Property group.
    • 21 Feb 2018
      The real estate mantra, ‘location, location, location’ remains a strong market influence regardless of the prevailing economy, with suburbs like Rondebosch enjoying the buffering benefit of being ideally situated.
    • 21 Feb 2018
      These days most buyers are using online property portals like Private Property when house hunting due to the convenience, up to date information and variety on offer. “The property portals have revolutionised the way buyers shop, but they do need to be cautious – viewing photos online is no replacement for viewing the property in person,” says Bruce Swain, CEO of Leapfrog Property Group.
    • 20 Feb 2018
      Owning a home is a milestone that most South Africans aspire to. Becoming a homeowner is a step towards growing personal wealth and owning an asset that appreciates in value over time, provided of course that the correct principles are applied during the buying stage of the process, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
    • 20 Feb 2018
      The suburb of Greenstone in Johannesburg east came to be over the last two decades. “In the beginning, it was literally just a hill with not so much as a shopping centre,” says Michael Levy, Property Consultant at Jawitz Properties Bedfordview. Today it has plenty shopping facilities and is fully built, boasting high-density, upmarket housing and residential estates, though still has a few pockets poised for commercial development.
    • 20 Feb 2018
      A major shift in the ageing paradigm has precipitated an equally dramatic transformation in the retirement sector, with modern accommodation options worlds away from the conventional model.
    • 19 Feb 2018
      Possibly one of the biggest sources of contention between landlords and tenants surrounds the rental deposit. “Most tenants rely on getting their rental deposits back when moving, so that they can use it to pay a deposit on their new home. Having it withheld or even having large amounts deducted can lead to a lot of distress,” explains Bruce Swain, CEO of Leapfrog Property Group.
    • 19 Feb 2018
      Situated approximately halfway between Johannesburg and Pretoria, Midrand was established in 1981 and forms part of the City of Johannesburg Metropolitan Municipality. It has become one of the major business hubs in the country with major pharmaceutical, textile, telecommunication and motoring giants situated within its boundaries.
        
    X
    Subscribe to the MyProperty Newsletter

    Name  
    Last Name  
    Email Address  
    Email Frequency
    select
    X
    Share this Page

       
    For Sale Property
    Rental Property
    More Options
    About
    Connect with us
    FEEDBACK