Durban Rates – Soundness of valuations

Durban ratepayers should not worry that the new valuations on some properties are unsound, just because valuers did not enter the properties to take actual measurements and check renovations, says eThekwini officials in an article in today’s edition of Metro ezasegagasini.

The edition is a special eThekwini Rates Policy Supplement.

The head of the Real Estates Unit, Keith Matthias, says in the article that valuers had been working on verifying data already in the system for quality purposes and to collect data that was not held.

“The municipality already held significant data from its own records systems given that a roll has been in place and we track development change from sources within the municipality, primarily our Development Planning and Management Unit.

“We purposely do not use any of a property’s internal finishes in the valuation. It is impossible to get access into every property, and, therefore we are not able to uniformly value properties based on internal finishes,” he said.

Matthias stressed that the valuing of properties on a market basis was specifically for rating purposes, and that the residential valuations had been done by using an “internationally recognised statistical modelling process.”

Commercial and industrial properties have been individually valued.
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