Mashaba to intervene in property valuations

A staggering 8 000 Joburg properties that appear to be overvalued will be revalued by the City of Johannesburg and placed on the supplementary valuation roll.

These property owners will start receiving Section 78 notices with revised valuations from next week.

“The notices will also make provision for a 30-day period during which property owners can provide relevant information to be taken into further account during the review process,” Executive Mayor Herman Mashaba said.

“In cases such as this, the City must assume the burden to address the problematic valuations before the implementation date on 1 July 2018. This differs from the conventional objections process which places the burden on account holders to object to the valuation and motivate for its adjustment.”

The mayor said these 8 000 valuations, which have been identified as problematic, have experienced considerable increases, many over 100 per cent.

To date, the City has also received 4 000 objections to the valuation roll.

“Through engagements between the City and the Independent Municipal Valuer, the City will begin handing over these objections to the valuer without waiting for the 6 April 2018 deadline for objections. This will result in the City beginning work on these objections immediately, and being able to issue revised valuations to property owners without delay,” Mashaba said.

 

Related articles:

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CITY NEWS – Property Rates

  AUTHOR
Chantelle Fourie

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