Homeowners in Cape Town should take note of the upcoming municipal valuations of their properties in order to ensure the values are correct.
The General Valuation Roll will open for inspection and objection on February 21 and will take effect from July 1.
It is recommended to obtain an independent and professional valuation of the property to compare to the City’s value, as well as to submit an objection if the homeowner is not in agreement with the City’s value.
Homeowners should also bear in mind that no rates are levied by the City on the first R300 000 of the value of a residential property.
What can you do?
- Familiarize yourself with the market value of your property and the City of Cape Town’s Municipal Valuations Roll.
- Obtain an independent and professional valuation of your property to ensure the City’s valuation is fair and justified.
- If you disagree with the City’s valuation, submit an objection as soon as possible and consider obtaining professional assistance in compiling, motivating, and lodging the objection.