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JOBURG - The City of Johannesburg is to consider current economic conditions facing property owners when it embarks on its Property Rates Policy review process for 2016/17 and invites Johannesburg North residents to meetings in their area to help with the process.
The annual policy review defines and categorises all properties in Johannesburg and allows the City to generate rates revenue by assigning a tariff to the property values obtained in the General Valuation Roll.
The review process for the 2016/2017 financial year will be done with consideration to recent interest rates hikes, the resultant reduction in disposable income, the current high cost of living, a slowdown in economic growth, an increase in property owners depending on social assistance and businesses requesting more rates relief.
Spokesperson for the City of Johannesburg Kgamanyane Maphologela said, “We are mindful that our consumers and property owners are facing difficult times and as a City we are eager to engage our residents on a policy which will be sustainable, yet beneficial to all parties involved.
“We also need to ensure that tariffs are equitable and affordable to our residents – so it is in the best interest of all property owners to get involved and help us craft Joburg’s Rates Policy for the 2016/2017 financial year.”
The policy review meetings for Johannesburg North will be held at:
Sandton Police Station: 011-722-4200
Bramley Police Station: 011-445-4100
Fire and ambulance emergencies – 10177 (landline) or 112 (cellphone).