CITY OF JOBURG - NEW HOME VALUATION ROLL TO BE IMPLEMENTED SHORTLY
According to the City of Johannesburg’s property valuer, the 2013 General Valuation Roll is in its final stages and will come into effect on 01 July, 2013. This allows the City to generate rates on what it calls an equitable basis. Property owners will be notified of their new values in their February municipal statements.
The City of Johannesburg’s website sites the latest General Valuation Roll as the basis for market value of all properties as of 2 July 2012 as an indication of the most likely price a property would realise on the open market by willing parties.
Herschel Jawitz CEO of Jawitz Properties says that this maybe reasonable for sales where the revised valuation reflects the price of properties sold recently, but it may be less accurate for older properties.
Home owners would do well to check the revised valuations. These, according to the website will be available for inspection and objection from 20 February to 03 May 2013.
“The issues of revised valuations are not necessary unfair but the real problem lies in the deteriorating services that most Johannesburg residents are forced to accept while being subjected to higher rates. This is the crux of the problem,” he says.
E-mail you address and contact details to valuations@jawitz.co.za for assistance with a market related valuation for your home.