select
|

Johannesburg property valuations to be finalised soon

Johannesburg residents should be vigilant and obtain clarity about their property valuations as there is confusion between two different supplementary valuation rolls which have been released in recent months.

Residents have until November 23 to examine a secondary supplementary roll recently issued.

A few months ago, the values of about 83 000 properties were affected by a first supplementary valuation roll.

Hot on the heels followed another valuation roll, this time affecting around 25 000 properties.

DA councillor Linus Muller, member of the Section 79 oversight committee for finance, said residents could be confused between the two rolls.

"Legislation compels the city to reflect all changes on properties in a supplementary valuation roll. Affected property owners should be notified by the city, but we have not had confirmation from any ratepayers to this effect," he said.

More than 40 percent of the 25 000 properties on the supplementary valuation roll consist of property category change from vacant to improved land where new buildings have been developed.

A further 30 percent consist of new properties that have been registered such as subdivisions, consolidations and sectional title units.

Other changes include valuation changes where additions have been completed and revaluation where additional property information was supplied.

"Property values need to be realistic and taxes need to be paid accordingly, but in the first supplementary valuation roll, we saw many examples of incorrect calculations," he said.

"The DA is concerned about the outstanding objections of the first roll that have not been finalised. The city has responded that it would take up to eight months to handle the few thousand objections received.
"It is unclear if the city has made provision for the influx that might occur due to the next roll being published," he said.

In the meantime, ratepayers are compelled, by law, to pay the new tariff, including back-dated payments. Legislation makes provision for any person to object to an entry in a valuation roll, provided they do so in the prescribed manner and within the prescribed period.

All queries can be forwarded to www.joburg.org.za.

Only affected properties are listed.

(The Star)


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 22 Feb 2018
      An excellent credit score is one of the most priceless assets a potential home buyer can have. This tool has the power to secure favorable mortgage and refinancing rate, influencing everything from the size of the loan repayment to the interest rate on the home loan.
    • 22 Feb 2018
      What do you do if you love your home’s location and the area, but the home no longer fits your growing family’s needs? Do you stay and renovate your existing home or find a home that meets your developing criteria?
    • 22 Feb 2018
      While every owner wants to sell their property at the best possible price, overpricing a home can be the kiss of death for a sale.
    • 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.
        
    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