Cape Town has published new municipal valuation rates of local properties.The new valuations will determine your municipal rates bill.Many Cape Town property owners have seen their municipal valuations shoot higher after a new round of revisions.
While Ramaphosa has been building a house on the plot over recent years, the property is still listed as"vacant land" on its rolls. The other plot went up from R12 million to R13.1 million.But Kapstadt International Properties agent Elisabeth Kretschmer says some of her clients saw their new municipal valuations triple.
“Some people are not in a position to pay more rates on their properties. I am speaking to those who are retired, who bought their houses long ago when their properties were much cheaper in the 70s and 80s, and who now cannot afford to live elsewhere. Downscaling has been made very difficult because the current prices of homes which make it too expensive for them to move,” says Kretschmer.
BISouthAfrica Wherever DA is in charge expect the high rates. Is happening in jhb. They deduct from your salary
BISouthAfrica CR doesn’t mind , he just pushed the fuel levy up !
BISouthAfrica CoCT - GREED is a terrible affliction !! 🤢
BISouthAfrica Da se gat
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