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
    • 20 Jun 2018
      Buying or selling real estate isn’t as easy as it is portrayed sometimes, especially if there is a death of a party during the transaction which can make it awkward, tricky and inconvenient.
    • 20 Jun 2018
      With interest rates remaining at historic lows and banks continuing to compete for mortgage finance business, first-time buyers with funds at their disposal are currently well-placed to gain that initial foothold on the property ladder, particularly in the light of the slightly lower growth rates currently experienced in residential property values.
    • 20 Jun 2018
      The average size of bond granted in SA has grown 7,7% in the past 12 months to R934 000, according to BetterBond, the country’s biggest bond originator.
    • 19 Jun 2018
      In the current market, letting out a property can be a good option as rental demand remains strong, especially in the northern suburbs of Johannesburg. This is according to Chris Renecle, MD of Renprop. However he says that before homeowners let their property out, there are five key points they should make sure are covered before they market the property for rent and sign any lease agreements.
    • 19 Jun 2018
      The Capetonian dream is to live by the ocean with the iconic mountain making an appearance somewhere in the horizon. But, that dream comes with a hefty price tag that many simply cannot afford. But, should you venture some kilometres out of the city centre, entirely new realms of beachside bliss await you …
    • 19 Jun 2018
      Douw Steyn, one of the richest men in the country, recently allowed a rare glimpse into his Fourways Palazzo when it was featured on the SABC lifestyle programme Top Billing - and it is beyond your wildest dreams!
    • 18 Jun 2018
      Many home sellers are motivated to appoint estate agents because they know that the agency will carry the costs of advertising and marketing their property.
    • 18 Jun 2018
      When a property is sold when it has a tenant in occupation, the questions often raised are: “What happens to the tenant if the landlord sells the property?”, and what rights the tenant will have with regards to cancelling the lease or enforcing it, says Sunell Afrika, rentals manager for SAProperty.com.
        
    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