[LISTEN] How to determine the value of your property in Cape Town
Do you know how to check your property value on the City of Cape Town's general valuation roll?
Residents are encouraged to check their property values on the 2018 evaluation roll.
City of Cape Town's deputy mayor, Ian Neilson, spoke to Kieno Kammies.
He says for the next three years, as from 1 July 2019, residents' property values will be determined according to the City's general evaluation roll. It is important that everyone has the correct property evaluation on their property so that their property tax is correct, he adds.
The value must be the market value as of July 2018. If people are not happy with their valuation and they believe that it is incorrect, they can submit an objection for it to be reconsidered.Ian Neilson, Deputy mayor - City of Cape Town
People will receive a letter from the City with greater detail of the valuation. Residents can also visit the City's website, where they can search for their property value. The website also gives a process on how you can submit the objections online.
We have a number of valuation centers across the city that will be open throughout this period where people can go and interact with the valuation officials and they will assist accordingly.Ian Neilson, Deputy mayor - City of Cape Town
Because the value of a property goes up by, for example, 30%, it does not mean that the rates on the property will go up by 30%, as the cent-in-the-rand will be adjusted to take this into account so that rates adjustments are made based solely on the budget passed.Ian Neilson, Deputy mayor - City of Cape Town
Click below to listen to the full interview: